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re: Real Estate investing for Beginners
Posted on 6/15/19 at 9:13 am to Saint5446
Posted on 6/15/19 at 9:13 am to Saint5446
quote:
34 in NOLA
New Orleans is a tough market and one a beginner can get whacked in. I'd definitely look at other places to invest in RE. Definitely check out fast growing cities with diverse economies.
1
Posted on 6/15/19 at 10:07 am to nugget
Tax auctions on the MS coast might be worth doing. The old owner has 2 years to redeem and they pay you 18% interest if they do.
Go for vacant land so you don't get stuck with a teardown in a declining neighborhood. Then if you end up owning it you can sell it at well below market value and come out ahead.
Go for vacant land so you don't get stuck with a teardown in a declining neighborhood. Then if you end up owning it you can sell it at well below market value and come out ahead.
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