All Forum Posts by: Stephen Keighery

I am sorry you need a lawyer like that Damon. I am not sure of one but if you want to talk New Orleans real estate hit me up. 

I bought an STR I was staying in directly from the owner on a lease option. I lived there a few years then turned it back into an STR. I mainly do long term rentals but this feels in my lap and has been great.

I have a hot tub in my STR in New Orleans. That being said I don't think it's a massive drawcard.

There are a lot of regulations for STR in New Orleans. I own one uptown, it is commercially zoned. I would attend local meetups and start to meet other investors. I run the Westbank Real Estate Investors in Gretna. There is also, NOREIA, St Bernard Parish meetup and the Northshore REIA. I hope to see you at some of them.

I look after I have contracted the house. I will then look at it. I do have 6 properties that I held for 6 to 8 years and sold without ever seeing. I did have property managers check it out and property inspectors so even though I never walked in the properties I do think that I "saw them". 

The boring investments get me excited as well. I don't like the 20% down model, I prefer to BRRRR and then sit on that boring investment with little to no money in it.

Interesting thought but rates are already going down as the 10 year yield decreases. I think the rates will go down before the Fed Cuts and once it cuts it will stay about the same because its already priced in. 

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. 

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

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