Investment Properties around Baton Rouge

I look at LACDB to look up investment properties, but I mainly look at commercial use spaces. There is an option to look at multifamily properties. The listings on LACDB usually have some good info on income/expense potential. Good commercial agents can help you find good off market deals. I use the local Sperry Van Ness (SVN) franchise.

For single family homes, you may want to get in touch with a good realtor. A good agent should be able to help you find properties and discuss potential rental income, long term value, and other metrics to help you decide.

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Creamer

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Disclaimer: I'm relatively new into this but have some great resources to help me make educated decisions.

I have two different partnerships with different strategies.

The first is a partnership with one other person. We go after Class C buildings that need improvements but have potential, offices built in the 80s or 90s that haven't been updated. These are also in areas that the price/sq ft relatively lower than popular areas where there's a lot of new construction.

We do some cost effective improvements to add value, new floors and paint, clean up the exterior, and make some easy changes to the layout. Our target is to invest up to 10% of the purchase price to increase the value somewhere between 15-20%. My business partner subcontracts all the work and thankfully has the time to take care of that. It has made undesirable office spaces more rentable. We then flip the new equity into the next purchase.

The second is a partnership with two other people. For this, we usually go after Class B buildings that have a high occupancy rate with long term leases in place. We like triple net leases but it isn't a deal breaker on buying something if it isn't. We also generally look for a 10-15% Cap rate but the upside of appreciation is a big factor as well. The general goal is to hold these and if a tenant leaves, doing some minimal updates to the space.

Best thing to do is find a good commercial agent and get advice and past experiences from any of your friends that have commercial properties. I would be glad to answer any other questions (to the best of my limited ability).

No problem. I would be glad to help and/or introduce you to some of my resources. I wrote down your email if you want to edit it out. I'll shoot you an email later tonight or tomorrow.