Multifamily - New Orleans / Metairie

[Patrick Q.]

Hi, Friends,

I'm a New Orleans native who is now lives OOS.  Would like to invest in multi-family in New Orleans / Metairie area, but having a hard time finding any deals where the numbers work out.   Inventory seems to be minimal, especially in areas that didn't flood in Katrina, and the inventory out there seems to be very pricey.

Has anyone had any luck investing in Southern Louisiana lately?  Would also consider Baton Rouge / Gonzales / North Shore, but don't know the area as well.  

Thanks for any insight.

[Stephen Keighery]

Hey Patrick, the market is hot here like most of the US. I am still busy buying but I am finding off market deals and value adding.