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All Forum Posts by: Stephen Keighery

Stephen Keighery has started 27 posts and replied 656 times.

Post: Looking for first rental investment property, is out of State a good idea?

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

I started by investing out of state as my state didn't pencil (I started in Australia and my home market was Sydney). I now live in New Orleans which isn't the best market in the US (Far from it). I do have a lot of advantages here in terms of my network, team, knowledge and ability to buy below market value. I therefore mainly invest in my home market. So I think I am saying there is no right or wrong answer. Do what works for you. 

Post: The Myth of Cashflow – and understanding how to reserve properly and model.

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

This one of the misunderstood topics in Real Estate Investing. Thanks for sharing. 

Post: Looking for cash buyers for off market New Orleans property

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

This is my website so you can see that I am legit https://homebuyerlouisiana.com/

Post: Looking for cash buyers for off market New Orleans property

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

Hey Keyto, I wholesale 3 to 5 deals in NOLA a month and have lots of buyers in the East. I actually have a bunch of rentals in Little woods. If you want to JV I could get this moved for you.

Post: Off Market College Rental Property for Sale (New Orleans)

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526
Quote from @Jack Shafter:

3,000sqft, 5 (if not 6) bedroom, 4.5 bath, college rental next to Tulane. I have owned and rented a house in New Orleans the past 3 years. I have had consistent cash flow from Tulane students and have not had an issue refilling the house. I was renting the house on probably the lower end and charging about 5k. If you or someone you know might be interested in purchasing the home for $685k I'd love to have a conversation. Happy to go over all the Pro's and Con's of the home and the current leases that are living within the house.

You are probably going to have to list it to get that price. If you were open to a lower price for all cash or something creative then I might be interested.

Post: New Orleans STR Rules - Simplified (Residential Version)

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526
Quote from @Selah Abrams:

@Daniel Purcell with City of New Orleans being so restrictive, is there a neighboring City that seems to have less of an issue with STRs and is still fairly accessible to all the things visitors are interested in?


 Your other option is to buy commercially zoned properties in New Orleans. 

Post: New Door and Shutter Color

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526
Quote from @Julie Muse:
Quote from @Stephen Keighery:
Quote from @Julie Muse:

black or navy. I really like this dark blue. Here is an example of that color on a house I have going on the market next week in New Orleans. I think the blue really pops with the white and its not a boring black.


 That looks great. What part of New Orleans is the listing?


 willow st close to the hospital. should be on next week. Been having trouble getting the new HVAC going they must be really busy now


 Nice area. Good luck with the listing. 

Post: Investing in Real Estate History: The Louisiana Purchase

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

This has to be the best Real Estate Deal ever. I live in New Orleans so think about this a lot. I appreciate the post. 

Post: Nationwide Monthly Housing Market Trends for June 2024

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526

Great Data, thanks for sharing. 

Post: New Door and Shutter Color

Stephen Keighery
#1 General Real Estate Investing Contributor
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 689
  • Votes 526
Quote from @Julie Muse:

black or navy. I really like this dark blue. Here is an example of that color on a house I have going on the market next week in New Orleans. I think the blue really pops with the white and its not a boring black.


 That looks great. What part of New Orleans is the listing?