All Forum Posts by: Charlotte B.
Charlotte B. has started 4 posts and replied 5 times.
Post: 1st BRRRR in New Orleans
- New Orleans, LA
- Posts 5
- Votes 3
@Stephen Keighery Thanks, it’s on Napoleon Ave parade route.
Post: 1st BRRRR in New Orleans
- New Orleans, LA
- Posts 5
- Votes 3
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?
Post: New Orleans Flood Insurance
- New Orleans, LA
- Posts 5
- Votes 3
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.
Post: Tax Assessor Website Data
- New Orleans, LA
- Posts 5
- Votes 3
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!