All Forum Posts by: Robert Leonard
Robert Leonard has started 46 posts and replied 1361 times.
Post: First time investor with no experience, but passionate to start.
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Originally posted by @Nick Cooper:
@Remington Lyman what would happen if I got an fha loan but didn’t end up living there after the purchase?
It's ONLY bank fraud. You can PROBABLY get away with it. Only YOUR character will determine what you do.
Post: Any REI in the Louisiana area?
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Welcome to BP @Xavian Rimmer!
Post: Looking for an agent referral in New Orleans Louisiana
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Post: Best advice for newbie?
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
I would use the low rent rates of that area to take advantage of the fact that you can probably make money on your BAH? If you live “below your means” by renting a place below your housing allowance, you come out ahead. It’s not likely that you will want to keep a rental in Leesville as an out of state owner when you get your next duty station somewhere far away.
I would use time at Ft. Polk as a learning and saving opportunity. Keep studying and learning all you can about investing, because you are likely to get PCSed out of there within 3-4 years. That is not enough time to recoup the transaction costs if you buy something that you end up selling in less than 5 years.
Post: Need a help with strategy at 56 yrs old
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Thanks James.
Post: Need a help with strategy at 56 yrs old
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Welcome to BP @Ty Upshaw! I won't make you any promises, but we can talk. What part of the state are you moving to?
Post: Real Estate Sales License Louisiana
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Welcome to BP @Tobey Scadlock. Sounds like you are starting similar to me. I got my license for ways that it helps me as an investor too.
Post: New to BiggerPockets and Real Estate
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Welcome to BP @Josh Korsten!
Post: Introduction to Bigger Pockets members
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
Lineman? I spent a few years wearing that hat, a long long time ago! Welcome to BP. See you around the area!
Post: Louisiana Flippers/Rehabbers (DeQuincy)
- Investor
- Lafayette/Baton Rouge, LA
- Posts 1,468
- Votes 915
@Jeff V. ? @Cavin Clark ?