Wholesaler · New Orleans, LA · Member since 2026 · 3 posts · 0 votes
My husband and I have been wholesaling in New Orleans for over two years. Lately, we’re finding larger properties—3+ bedrooms and 3+ bathrooms—that may have potential for co-living or short-term rentals.
For those who have worked with these deals, how do you underwrite them and determine whether the numbers make sense for an end buyer? I’d especially value insight into the costs and assumptions buyers look for before taking a closer look.
Attorney · 10451 Mill Run Cir #755 Owings Mills, MD 21117 · Member since 2024 · 519 posts · 185 votes
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Quote from @Genevive Cueva Karlberg:
My husband and I have been wholesaling in New Orleans for over two years. Lately, we’re finding larger properties—3+ bedrooms and 3+ bathrooms—that may have potential for co-living or short-term rentals.
For those who have worked with these deals, how do you underwrite them and determine whether the numbers make sense for an end buyer? I’d especially value insight into the costs and assumptions buyers look for before taking a closer look.
@Genevive Cueva Karlberg, I like this topic because I see how much the numbers can change depending on how the property will actually be used. For a property being considered for co-living or an STR, I would look at the projected income, operating costs, repairs, management, utilities, insurance, and vacancy, but I would also want the buyer to confirm that the property can legally be used that way before relying on those numbers.
In my real estate work, I’ve seen buyers get excited about the income potential and then find out later that the use, property rules, or other requirements need more attention. I like looking at both sides of the deal before moving forward. Happy to stay connected, @Genevive Cueva Karlberg. I enjoyed your question because it ties closely to the real estate work I do with investors.