Newbie looking for some advice

[Samir Moujir]

Hey, I live in New Orleans Louisiana and I was trying to get some information on investing in multi unit apartments in the kenner or Metairie area, how do you guys feel about the market out here? any ideas on what the insurance rates look like on a 3 unit building?

[Kimberly Jones]

It is very hard to get good deals in Metairie and Kenner AND the competition is fierce. I got tired of working out there and came on in to the city a couple of years ago. Definitely more money to be made here. That said,  Metairie and Kenner are good places to buy and hold for income  and multi units are the way to go. If the numbers are right, it's the income that can make up for the lack of discount on the acquisition.

We are all being raped here when it comes to insurance. Your flood probably won't be so bad out there but the Hazard is going to make you want to cry. Nothing we can do about it though, just got to work it in and still try to make some money.