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Posted on 9/27/22 at 11:16 am to danilo
Make sure you budget for a $12k annual insurance premium. Plus a little more for flood.
Posted on 9/27/22 at 12:44 pm to Slickback
quote:
Make sure you budget for a $12k annual insurance premium. Plus a little more for flood.
Totally. Trying to prepare for/expect the worst case scenarios
Posted on 9/27/22 at 12:48 pm to lsu13lsu
quote:
I would be very patient. With folks leaving NOLA and LA and rates going up. You should be able to get a good deal. The Fed seems hellbent on killing real estate.
Agree. Not Really a big money guy and considering factors like crime and flooding I would say I don’t have many options. Checking out a cool little spot in a great area now. It is flood zone X and in an area I really like. Trying to get some info on Homeowners now.
Posted on 9/27/22 at 1:34 pm to danilo
I have heard some bad stories about some smaller condo developments in NOLA. Where there are only like 4 owners and one of the owners owns half the units and rents them. When things like repairs need to be made.
So, if not using a realtor make sure you research the HOA/POA.
So, if not using a realtor make sure you research the HOA/POA.
Posted on 9/27/22 at 1:41 pm to lsu13lsu
quote:
I have heard some bad stories about some smaller condo developments in NOLA. Where there are only like 4 owners and one of the owners owns half the units and rents them. When things like repairs need to be made. So, if not using a realtor make sure you research the HOA/POA.
Thank you. Appreciate the info. Will use realtor
Posted on 9/28/22 at 10:54 am to Turf Taint
quote:
Realtors would be reduced to buyer/seller AI bots
Too much liability for the makers of the AI bots. Would barely get out of the gate before the programmers had a pile of lawsuits against them.
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