No, I never purchased any real estate near LSU.
I think there’s still a market with condos near LSU. The new development certainly saturated the market, but it’s considered Class “A” and is pretty pricey.
I’ve analyzed a few condos around LSU that cash flowed positive, but not quite as much as I require to pull the trigger. I usually throw out the condos near Brightside and Tigerland, though, as those areas are going to attract the rowdiest of students.
@Sherman Dunn I agree. Don’t worry about guessing future markets. Cash Flow is king, and will help to ensure a stable investment.
I like condos more than the average investor, but I agree with one major criticism: it's really easy for developers to swoop in build more and more condos, as opposed to SFH, where there are only so many, and you own the land underneath the property. SFHs appreciate at a much much faster rate than condos for this reason.
But again, it’s not an appreciation game- it’s a cash flow game!
Well investing in LSU area is all about timing and cash flow I would say. Buy in the spring or in between semesters.
That is where the demand is higher and you have better chance getting good rent. As condo value is going down you can still find some good deals but do your homework before pulling the trigger!
As a newby to this site, I just came across this thread as I searched a particular keyword.
Recently, I was so eager to buy something, that I pulled the trigger on a townhome off Brightside. I must say, had I known what I learned over the past couple of weeks from listening to the BP podcasts, I most likely wouldn't have bought it. This is good stuff.