Beginner Real Estate Investor in New Orleans Area

Beginner Real Estate Investor in New Orleans Area

Chalmette, LA · Member since 2014 · 9 posts · 2 votes

Hello, my name is Sean Blanchard and I currently live in Chalmette, Louisiana. I have lived in the New Orleans area all of my life, and proud to call it home!  I am brand new to real estate investing and I am trying to learn all that I can. Single family homes or apartments are basically what I am looking to invest in right now. I am a tankerman with a tow boat company, which requires me to be away most of the time, so I intend on relying heavily on property management. I am looking to invest in real estate for cash flow, and eventually be my primary source of income. I have been inspired greatly by Robert Kiyosaki and agree with a lot of his views on investing and money management. I came across BP by browsing through investing podcasts, and I am thrilled that this community exists! It has been a plethora of information and learn so much every time I stop by. I look forward to networking with like minded people.

Sean Blanchard

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  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Sean Blanchard

    Welcome. Time to build the foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    Consider checking out HUD homes for small multi's owner occupied gets first crack.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Sean Blanchard  welcome! Definitely start jumping into the community here! Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.

    Finally -be sure to setup some keyword alerts - especially for "Chalmette" so you can jump into local conversations.

    See you around the forums!

  • Investor · Lafayette/Baton Rouge, LA · Member since 2013 · 1k+ posts · 915 votes
    12y

    Welcome to BP @Sean Blanchard!

    You can learn a lot here!  If ever I can help with any LA specific questions that come up for you, give me a shout!

  • Investor · New Orleans, LA · Member since 2012 · 969 posts · 747 votes
    12y

    Welcome @Sean Blanchard!

    Glad to see someone else from SE LA on the site. I'm a local realtor and investor here in the New Orleans area. I work with many local investors helping them to reach their goals and build their dreams.

    I'd be happy to help you in any way I can. Let me know if I can help!

    Braden

  • Investor · Mandeville, LA · Member since 2013 · 75 posts · 14 votes
    12y

    Welcome to BP @Sean Blanchard !!

    I'm based out of New Orleans as well, but travel a lot for work. I have a live-in duplex so far and I'm loving not having to pay rent. I've upgraded my side of the place and I'm looking to get started on a second one. 

    Let me know if I can help in any way. 

    Cheers,

    Harry

  • Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
    12y

    Welcome to the site @Sean Blanchard, another Kiyosaki convert, that's awesome! Thanks for introducing yourself to the community. I also invest for cash flow and use property management companies in my investing. There are great topics on how to vet PM companies here on the site.

    Hope to see more of you around here as you continue your education!

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