All Forum Posts by: Charlotte B.

@Stephen Keighery Thanks, it’s on Napoleon Ave parade route.

Been wanting to invest in real estate for years and just purchased my first property. The property has two houses on the lot (a big house and a carriage house). My plan is to either renovate and flip or do a short-term rental. I'll live in the carriage house in order to get the homestead exception (already checked out the STR permit and zoning). It's a great location for tourists and on the parade route.

Purchase price: $730k
Appraised value: $770k
Renovation costs: $350k
Est. post-renovation value: $1.4m
Annual STR AirDNA estimate: $106k/year

I'm currently exploring options for help financing some of the renovations. I have cash to cover some but not all. Any suggestions for financing a renovation like this?

How do you estimate the rate of flood insurance for homes in New Orleans?  I'm looking for ballpark numbers as I vet investment properties.  It sounds like it's related to the flood class, but I'm not sure where to find that information.

I'm looking up properties on my tax assessor's website.  What does it mean when there is very little or no sale/transfer information or when the sale price is listed as $0 (as seen in the screenshot below)?

Hello, my name is Charlotte. I recently relocated to New Orleans to be closer to family.  I have always been interested in real estate and after reading Rich Dad Poor Dad, I am so excited to jump into the investing realm. 

I'm a big time fan of the BP podcast and look forward to learning even more from the online community!