Investing in Baton Rouge Real Estate

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Real Estate Agent with RE/MAX First, Independently Owned and Operated Louisiana 99562851

As the market in the Greater Baton Rouge area continues to stabalize from the roller coaster ride of the past year, our local and out of state investors still find positive cash flow on rental properties.  Rent prices continue to remain higher than last year and with 10% down, our investors find they will more than break even on most properties.  Of course, as always, investing in newer construction will give you faster appreciation, but not necessarily strong positive cash flow.  The better home to invest in at this time would be a good, older home, in the subdivisions that surround the more popular neighborhood schools.  Investing near LSU continues to remain strong, even as prices there continue to rise.

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Rainmaker
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Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
It's good to know which areas of the country still have positive cash flow properties. You don't find that in our area, at least with new purchases.  Those who purchased years ago have much more likelihood of postive cash flow.
Jul 26, 2006 06:09 AM #1
Anonymous
Anonymous

For more good news on investing in our market, the Gulf Opportunity Act (called the Go Zone) give investors who qualify, the ability to depreciate 50% on their property the first year it is put into service.  This works very well with new construction.  For those who qualify, and full time Realtors would, as well as most people who own several rental properties, this is a fabulous tax break!

Nov 20, 2006 03:08 AM #2
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Rainmaker
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Pat Wattam

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