Any investors from Baton Rouge, Louisiana.

Buying & Selling Real Estate
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Any investors from Baton Rouge, Louisiana.

Stanley A.
Investor · Cypress, TX · Member since 2015 · 44 posts · 6 votes

Looking for anyone investing in Baton Rouge? Looking to connect with those into flipping. Want to know what the flipping market is like out there now. TIA.

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  • Robert Leonard
    Investor · Lafayette/Baton Rouge, LA · Member since 2013 · 1k+ posts · 915 votes
    6y

    Hello @Stanley A. What do you look for in a "flipping market?"

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  • Stanley A.
    OP
    Investor · Cypress, TX · Member since 2015 · 44 posts · 6 votes
    6y

    @Robert Leonard thanks for your response. I want to know how viable flips are out there. Some markets are not good flip markets. Interested in knowing like the price range to stick to for a decent ROI, how long on average it could take to sell and any other need to know info.

    Stanley A

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  • Robert Leonard
    Investor · Lafayette/Baton Rouge, LA · Member since 2013 · 1k+ posts · 915 votes
    6y

    It depends on what you consider a "decent ROI?" You will find a very broad range of opinions on that question.

    How long could it take to sell? Days on market of sold comparables along with the supply will point you to that answer. 

    There are submarkets within any given market that have very different market conditions.

    The info in what I sent above is overall market information. 

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  • Stanley A.
    OP
    Investor · Cypress, TX · Member since 2015 · 44 posts · 6 votes
    6y

    @Robert Leonard Below is kind of what i am thinking. I want to see if this is possible in that market. Below is just a guide and this will be self funded. 

    Plan

    1. Buy cash for about $40-$50k (Or lower)

    2. Fix for about $10-$20k

    3. Target sale $80-$95k

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