Newbie from Houma LA

[Ryan Melander]

Hello all,  I'm Ryan!  Just moved from the Dallas TX metroplex to Houma LA.  I work in the oil and gas industry and I'm very interested in RE investing. 

I'm interested in multi unit and fix-&-hold properties. 

I have previous experience in a single family rental and a complete remodel. Both of these properties were sold in the move so I'll be looking to do similar investing here.

Any advice on the Houma RE market and/or recommended books on how to evaluate the market would be much appreciated.  Specifically evaluating an oil field town when oil and gas activity is low. Also, anyone with experience with low income renting your thoughts would be great too. 

[Jason Drewes]

From that area also, I have not seen a big decline in house prices even with oil down.  I would prob stay away from investing in the "east side" especially for buy and hold, as it is not the up and coming part of town.  Another thing to factor in if you buy in the Houma area is potentially having to carry hurricane insurance, I would call an insurance agent and get a quote.  Also inquire about what flood zone the property you are looking at is in as this also can add expenses.  If it is not in a flood zone, I personally would get flood insurance as it will be cheap, just for the peace of mind as most of the area is low.

I will be following this thread closely and hopefully others chime in.  Good luck.