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Posted on 4/9/26 at 3:34 pm to Redstickbaw
Whatever your budget is for repairs and maintenance- double it
Posted on 4/10/26 at 8:04 am to Redstickbaw
quote:
Looking for guidance on getting into real estate. Should I buy a condo near LSU and put it up for rent? Should I buy a single family house in a DSLD neighborhood and rent it out? Beach condo? What is the best route for me and how much should I put down and what price vs rental income should I be looking at?
Real Estate investing in Louisiana is for you if you can buy at <50% of the appraised value or if you are happy with 5-7% returns on your money. If those don't pertain to you then Louisiana is not the market for you.
Posted on 4/10/26 at 8:38 am to Redstickbaw
Sounds like you are curious but haven't done any research. Your questions are broad. The answers vary quite a bit. Location, cost, type of property, your cash flow needs, your financial strength, timing, and your goals are some factors. One thing that can be said is general questions and general answers will not give you enough info to decide on an investment. There are good real estate investments in the same areas as bad ones, so be careful.
You should talk to some investors in an area you are considering buying property. Some realtors have contacts. Real estate is local. Investing in a growing market can be lucrative. It is best for those that have ample resources to deal with unknowns.
You might get more info from this board if you shared more details about why you are interested and what your goals are. But anything from this board should not replace the more specific research you should do before committing to investing.
You should talk to some investors in an area you are considering buying property. Some realtors have contacts. Real estate is local. Investing in a growing market can be lucrative. It is best for those that have ample resources to deal with unknowns.
You might get more info from this board if you shared more details about why you are interested and what your goals are. But anything from this board should not replace the more specific research you should do before committing to investing.
Posted on 4/10/26 at 10:49 am to KWL85
Anybody here have a “triple net lease?”
I’m not handy nor interested in working at all so this looks like about all I would want to be involved in.
I’m not handy nor interested in working at all so this looks like about all I would want to be involved in.
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