All Forum Posts by: Ron Collins

Good morning @Robyn J.

Are your Ohio properties, particularly Dayton, still available? Please send the list of properties that are for sale. I was just in Dayton this weekend looking at potential investments. Thank you for your time.

Good morning @Rashard Brandon

Do you have anything in the Greensboro area? I am looking for a rehab SFR or MULTI around NC A&T and/or Bennett College.

Fellow BPers

I have two lsting on multi-unit properties in Harvey, Louisiana. Both buildings are 2 bedrooms and full bath up and guest bath, living room, kitchen and laundry cupboard on ground floor. Some repair needed but priced to allow you to make the needed repairs to get maximum rents

The addresses for the two 4-plexes are as follows:

2828 Destrehan Ave 70058, $185,000, 2bd/2ba, Fully occupied $650/mo. - $2,400 total

2832 Destrehan Ave 70058, $185,000, 2bd/2ba, Fully occupied $650/mo. - $2,400 total

(Great opportunity to own 2 side by side 4-plexes for a great price.)

Of course all prices are negotiable.

PLEASE DO NOT DISTURBE TENANTS, THEY ARE NOT AWARE UNITS ARE FOR SALE!

Ron Collins - Louisiana Lic# BROK.0995686078-ACT

Fellow BPers

Have two investors interested in selling their rental properties in Harvey, Louisiana. All buildings are townhome style units with 2 bedrooms and full bath up and guest bath,living room, kitchen and laundry cupboard on ground floor. Some repair needed but priced to allow you to make the needed repairs to get maximum rents

The addresses for the three 4-plexes are as follows:

1009 Tallow Tree Ln 70056, $185,000, 2bd/2ba, Fully occupied $750/mo. - $3,000 total

1013 Tallow Tree Ln 70056, $185,000, 2bd/2ba, Fully occupied $750/mo. - $3,000 total

(Great opportunity to own 2 side by side 4-plexes for a great price.)

1144 Tallow Tree Ln 70056, $185,000, 2bd/2ba, Fully occupied $750/mo. - $3,000 total

Of course all prices are negotiable.

PLEASE DO NOT DISTURBE TENANTS, THEY ARE NOT AWARE UNITS ARE FOR SALE!

Ron Collins - Louisiana Lic# BROK.0995686078-ACT

@Brandon Howard Welcome to BP!!  This link to "7 Years to 7 Figures" is a good place to start. It is a straight-forward way to think about building and maintaining wealth.

http://www.biggerpockets.com/renewsblog/wp-content/uploads/2015/10/7-Years-to-7-Figure-Wealth.pdf

There is a lot of activity going on in LaPlace right now. Please feel free to inbox if you have any questions and/or comments.

@Reginald Winn when purchasing a property at an Adjudicated Tax Sale it usually takes about thirty days to close after the on-line auction has ended. A deposit is paid up front, Civic Source does the due diligence and the auction scheduled is within 45 days. There is an on-line auction with open bidding. Highest bidder wins. I have placed deposits on properties that I did not win. Civic Source is very prompt in returning deposits if you are not the winner.

@Josh Carr The three year redemption period (18 months if blighted) comes into play when purchasing a Tax Lien or Tax Sale Certificate on a property.

I have successfully redeemed a Fannie Mae property that I received a Tax Sale Certificate for taxes paid in 2011. The tax/adjudicated sales are tedious, there are a lot of due diligence and up-front money involved, but in my opinion, they are a solid long term investment strategy.

Great information inside this post. I will be sure to share this with family and friends in the Baton Rouge. Thanks guys.

@Medvin B.

5) How do you know if the foundation of the house is good or not before buying the property? Are there quick checks you can do? 

A few quick checks are:

1) Stand on the sidewalk and see if the house is leaning

2) Check to see if the front door is level.

3) Look for vertical cracks near the doors and windows

@Jacob Casarez 

A basic real estate team consist of the following:

Title Attorney and/or Real Estate Lawyer

General Contractor 

Handy Man 

Investor-Friendly Real Estate Agent

Find a private lender with favorable terms, and you are well on your way to a sizable real estate portfolio.

@Kimberly Jones

Those are some true words. The wife and I were looking at properties on Second Street between St Charles and Dryades. You didn't have to make the block to see a drastic change in scenery.

@Rod 

@Rod Desinord

I can tell you area I am farming right now. It is within the bordering streets of:

St Bernard, N Rampart, St Phillip and North Claiborne. 

In my opinion, the neighborhood has that right mixture of ugly houses compared with the "that price in this neighborhood" factor. I purchased two tax sales liens in that area. The first owner paid back after a year but the house is still vacant and boarded up. The second was paid back immediately.