SBREIA meets the 3rd Monday of each month. Recently, SBREIA has been granted Non-Profit status by the Federal Government. SBREIA is also working on becoming an affiliate of the National REIA for the many benefits they offer.
To obtain the “Guide to Landlord and Tenant Laws” published by the Louisiana Attorney General’s office go to: www.ag.state.la.us, in the search box type “landlord” on the next page click on “Guide to Landlord and Tenant Laws”. You can print out a copy or you can call the Attorney General’s office at 225-326-6079 and they will mail a copy to you.
Marvette Griffin, Caddo Sheriff’s Office, will be speaking at our next meeting on September 21st. Topic discussed will be Sheriff’s Sales in Caddo Parish.
Beginning real estate investors, check your credit report to determine your ability to finance investment property. Most lenders today require 700 or better FICO (Fair Issac Co.) scores from borrowers who want to buy investment property. Also, make sure that your total debt-to-monthly-income ratio is low. Ask SBREIA members who they use for financing.
RealtyTrac’s Home Flipping Report shows that 26,947 single family homes were flipped nationwide in the third quarter of 2014. That’s 4.0 percent of all single family home sales, down from 5.6 percent in the third quarter of 2013 to the lowest level since the second quarter of 2009.
Louisiana taxpayers are leaving more than $ 50 million in property rebates unclaimed. Check here for more information.
For questions about the rebate, click here