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Message
New Orleans real estate/ owner occupied duplex
Posted on 5/18/11 at 8:20 pm
Posted on 5/18/11 at 8:20 pm
I have been looking at few 2-4 unit properties uptown and was wondering if anyone familiar with the local market thinks prices will change significantly in the next 12 months.
Also, I am planning to live in one of the units. Does anyone have advice as to how I could best complete a rent/buy analysis considering it would be an income producing property? I will also have to weigh the tax implications of the rent revenue/ figure out which maintenance costs would be deductible.
Also, I am planning to live in one of the units. Does anyone have advice as to how I could best complete a rent/buy analysis considering it would be an income producing property? I will also have to weigh the tax implications of the rent revenue/ figure out which maintenance costs would be deductible.
4
Posted on 5/19/11 at 12:52 pm to LSUalum09
Anyone?
Posted on 5/19/11 at 3:03 pm to LSUalum09
Not as many real estate gurus as stock pickets here.
Posted on 5/19/11 at 3:37 pm to LSUalum09
Rental properties is my family business. Right now, buying and selling is VERY slow, even though Forbes says we are one of the better business markets to be in right now. Real estate is stagnant. If you are trying to flip the property good luck. If you are trying to rent it, then you'll have much more luck, especially in that area because of the young demographic.
Posted on 5/19/11 at 5:16 pm to GhostofJackson
I'm not trying to flip the property. I was planning on living in one unit (for 2-4 years) and renting the others.
Posted on 5/19/11 at 5:22 pm to GhostofJackson
quote:
Rental properties is my family business.
You in New Orleans?
Posted on 5/20/11 at 8:02 am to Y.A. Tittle
quote:
You in New Orleans?
Yes.
Posted on 5/22/11 at 10:31 pm to LSUalum09
As both a Realtor and investor in the Midcity and Uptown neighborhoods I can help you with your analysis.
The best way to look at an investment is consider how you can best leverage your cash on hand..then look at the return on investment of the specific properties and how they relate to present and possible future income.
The tax considerations are alot simpler than some think.
Call me at (504)615-2333 or email me at ian70119@yahoo.com so I can send you some trend data beyond what is on my website, iansellsnola.com
The best way to look at an investment is consider how you can best leverage your cash on hand..then look at the return on investment of the specific properties and how they relate to present and possible future income.
The tax considerations are alot simpler than some think.
Call me at (504)615-2333 or email me at ian70119@yahoo.com so I can send you some trend data beyond what is on my website, iansellsnola.com
Posted on 5/22/11 at 10:45 pm to LSUalum09
Go find glassman on the food and drink board. He owns half the duplexs uptown.
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