New Orleans Investors

[Connor Townsend]

Hi Everyone! I am a new investor in looking for some references in the New Orleans market. I am trying to build my team after reading Brandon’s Book on real estate investing and thought here might be one of the best places to find good references. Again, I am just starting out so any recommendations help! Thanks!

[Stephen Keighery]

@Ali Boone yes there is definetly cash flow. My rentals get between 14-20% gross yields. I do buy off market and get much better deals than are available on the MLS so that's probably not typical. I am pretty sure they will still cash flow if you buy them on market. Just check the flood zone as the flood insurance will make a big difference. Orleans parish has higher taxes than Jefferson so you may be better of in Jefferson. I particularly like the West Bank of Jefferson, the houses are a little cheaper so you can get a better return. I do think it's a good place to invest.