Problems Accommodating Freshman Class

[JuBru]

I would, but I don't have enough money for it right now. By the time I do, there would likely be a glut of housing. Though I'm sure we could work something out.

[TechAlum05]

I agree! Who wants to start a real estate investment LLC centered in Ruston?

I'm in!

I'm interested.

[dawg80]

Okay. We'll need about $1 million (really more will be better) of initial capital to launch properly.

Should try to enlist, as LLC members, a real estate agent, a CPA, an attorney, and a general contractor, if possible. That way they can provide some pro bono services to the LLC, since as part owners they would be essentially paying themselves anyway.

I'm in for $100K, maybe a little more if need be. I'm serious. PM me if you are truly interested and we'll set up a meeting to get the ball rolling. You can contact others you think may also be interested.

[Houston Techsan]

I see where Univ. of Houston thought about requiring all freshmen (women, too) to live on campus. They have since backed off that, proabably because of their own shortage.

[Champ967]

Okay. We'll need about $1 million (really more will be better) of initial capital to launch properly.

Should try to enlist, as LLC members, a real estate agent, a CPA, an attorney, and a general contractor, if possible. That way they can provide some pro bono services to the LLC, since as part owners they would be essentially paying themselves anyway.

I'm in for $100K, maybe a little more if need be. I'm serious. PM me if you are truly interested and we'll set up a meeting to get the ball rolling. You can contact others you think may also be interested.

I hope your real estate concern will consider utilizing the state and federal tax credits available for rehabbing old houses.

You could probably find developers in Natchitoches familiar with the program.

[dawg80]

I hope your real estate concern will consider utilizing the state and federal tax credits available for rehabbing old houses.

You could probably find developers in Natchitoches familiar with the program.

Is that for just in a historic district, or does a house/building have to meet some historic criteria to be eligible?

[Built4Speed]

Is that for just in a historic district, or does a house/building have to meet some historic criteria to be eligible?

This seems to cover the basics. I'm no CPA, but generally, the buildings have to be built before a certain time or have a designation on the registry as a historical place in order to qualify.

http://www.nolo.com/legal-encycloped...buildings.html

[Champ967]

This seems to cover the basics. I'm no CPA, but generally, the buildings have to be built before a certain time or have a designation on the registry as a historical place in order to qualify.

http://www.nolo.com/legal-encycloped...buildings.html

For the federal credits, yes ... a property will usually need to first be on the National Register, or be located in a NR district. That listing takes a good deal of bureacratic rigamarolle, but the criteria arent as stringent as you may think. A property (or district) doesn't have to be significant to national history to qualify.

The state credit is even broader. It can be applied to buildings listed on the Register, or those that are simply "vacant and blighted". More here:
www.crt.state.la.us/cultural-development/historic-preservation/tax-incentives/state-residential-tax-credit/index