Updated over 5 years ago on . Most recent reply
New BP Utah Investors Looking to BRRRR in Utah and New Orleans
Hello All!
My wife, Yvette, and I are new BP members located in Alpine, Utah. I am a real estate/business attorney in Utah and my wife owns a Gift, Décor and Antique Shop. While we currently rent out a legal accessory apartment in our basement, we are looking to grow our portfolio of SFH and small multiplexes through the BRRRR method. We love the thought of renovating run-down homes and bringing them back to life!
While we are located in Utah and would love to invest in Utah, Salt Lake, and Washington Counties, we recently took a trip to New Orleans, Louisiana for our anniversary and fell in love with the area. Given the current Utah real estate market we are planning on concentrating our efforts in New Orleans for our next investment.
We would love to network with BP members in both the Utah and New Orleans real estate markets, but also enjoy connecting with anyone who would like to connect. We are always willing to answer any questions and add value where we can and look forward to being part of the BP community!
Sincerely,
Matthew and Yvette
Most Popular Reply
The New Orleans City Council recently voted on STRs and passed new legislation for them. The new rules limit short-term rentals in residential areas to owner-occupied properties only (must have a homestead exemption in place), places caps on rentals in commercial and mixed-use buildings, and bans them outright in most of the French Quarter and the entire Garden District.
See these links:
https://www.nola.com/news/article_c390da62-ba00-11e9-b876-237e289ed3ef.html