Updated over 9 years ago on . Most recent reply
First HANO rental property!
Obtained our first HANO approved rental property for Sept 1! Start getting rent to the bank next month.
I am looking to purchase a 3-unit 1bd/1ba in Uptown New Orleans and need a partner to help with the cash side (plus interest). Purchase price is $100k and repairs are minimal (little flooring, toilets, stoves, fridge and a little cleaning). It is close to St. Charles and just an Uber away from Magazine street and the French Quarter. Would normally make $1600 in rent combined but I want to use one of the units with AirBNB because it is right on the ZULU parade route, perfect for MARDI GRAS!!
If anyone can help, I'd greatly appreciate it. Working on financing right now for 80% plus rehab. Looking to refi in 12-18 months.
Watch out New Orleans and make some room!
;-)