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Real Estate Investing in Baton Rouge
Posted on 6/3/19 at 12:29 pm
Posted on 6/3/19 at 12:29 pm
It seems to me that the south downs area is out of the question at this point for finding deals on older houses and updating them/remodeling and selling for a profit or renting them out and expecting much more appreciation. Do any BR area people have any ideas on what the best neighborhoods would be for a RE investor to implement these strategies? I've heard some people say Kenilworth/Pollard. Any thoughts on the Goodwood/Old Goodwood areas?
5
Posted on 6/3/19 at 12:56 pm to huntfish26
We have one in Mirabeau Gardens near Kenilworh and have no problems keeping it rented because LSU is not very far away. It’s an older house (1960’s) that my husband did a bit of updating on. Currently get $1400/month.
Posted on 6/3/19 at 1:32 pm to huntfish26
quote:
Goodwood/Old Goodwood
Posted on 6/3/19 at 1:37 pm to huntfish26
Hi, I'm Than Merrill.
Are you interested in Real Estate in
Baton Rouge?
Are you interested in Real Estate in
Baton Rouge?
Posted on 6/3/19 at 2:12 pm to LigerFan
Baton Rouge
IS a PERFECT market for this system.
IS a PERFECT market for this system.
This post was edited on 6/3/19 at 2:13 pm
Posted on 6/3/19 at 2:23 pm to jimbeam
Learn how to flip houses using OTHER PEOPLES Money!
Posted on 6/3/19 at 2:25 pm to lnomm34
I'm confused what you are laughing at. I bought a house in last year in this neighborhood that appraised for 75k above what we paid for it. Pretty good deal. Lots of remodeling, tear down and new construction all around us too. Just curious what other people are seeing in the marketplace.
This post was edited on 6/3/19 at 2:26 pm
Posted on 6/3/19 at 3:05 pm to huntfish26
i think he is saying that old goodwood\goodwood is similar to southdowns... you are going to pay alot to begin with which doesnt make for a great flip investment
Posted on 6/3/19 at 6:02 pm to LSUvegasbombed
quote:
saying that old goodwood\goodwood is similar to southdowns... you are going to pay alot to begin with which doesnt make for a great flip investment
Yea this.
May get super lucky or know someone who has inside information. But I love to look and have been looking for years and have seen nothing that is appealing as an investment opportunity in those areas. You’ll pay premium prices even for shite houses because of the location.
Posted on 6/4/19 at 10:51 am to huntfish26
I believe some people are attempting this in Broadmoor.
Posted on 6/4/19 at 3:53 pm to glaceau
quote:
Broadmoor.
im sorry but that area aint coming back as much as I am seeing flips starting to hit the market
Posted on 6/4/19 at 6:06 pm to LSUvegasbombed
Best bet is a flooded house in the LP
There are still lots of em
Sherwood forest too
If seen lots of em
Buy cheap, repair, sell
Good profits
There are still lots of em
Sherwood forest too
If seen lots of em
Buy cheap, repair, sell
Good profits
This post was edited on 6/4/19 at 6:08 pm
Posted on 6/4/19 at 9:18 pm to Drop4Loss
Anything South of LSU is incredibly expensive these days...i bought an older home 27 years ago off of highland near campus....the house is worth nothing but the lot itself is worth a fortune....
It seems that more people are moving back into the older established neighborhoods closer into town and building mansions....people are just tired of awful baton rouge traffic
It seems that more people are moving back into the older established neighborhoods closer into town and building mansions....people are just tired of awful baton rouge traffic
Posted on 6/4/19 at 11:12 pm to tigers1956
How do you RE guys go about feeling comfortable about “taking a chance” in a certain area? More specifically, what tends to make an older area (60/70s homes) likely candidates for new $ coming in and renovating? This seems to be hyper localized and I can’t really see trends to decipher either way. Blocks can seemingly separate super nicely redone homes and old homes with shag and original wood paneling.
Posted on 6/5/19 at 12:13 am to jimbeam
Some homes in Sherwood Forest are going for well under a dollar per square foot
Posted on 6/5/19 at 12:23 pm to huntfish26
I think in between Government and Florida from 19th St to Lobdell. Some areas of that are still shady(closer to downtown) but I think that area as a whole is going to be big for residential growth with all the developments on Government and the road diet
Posted on 6/5/19 at 4:25 pm to Crucial Taunt
I've been saying for years that quadrant, the quadrant from Park to Downtown on the LSU side of Government, and the gap between LSU and Downtown would all be huge one day. The problem is that it seems to be a slow ride.
I've been working downtown for 5 years and travel through there a good bit. I haven't notice any significant changes in those areas (especially the first two), in that time. I'd love to buy a block off Park, as I can't figure out why that area isn't nice, but I'm not convinced it will ever gentrify.
I've been working downtown for 5 years and travel through there a good bit. I haven't notice any significant changes in those areas (especially the first two), in that time. I'd love to buy a block off Park, as I can't figure out why that area isn't nice, but I'm not convinced it will ever gentrify.
Posted on 6/5/19 at 4:35 pm to The Johnny Lawrence
I think if the electric depot is successful that’s going to be big for the area of government from park blvd to downtown. It will get other commercial development there which will then bring in residential
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