New Orleans Real Estate Investors: Buy and Flip or Buy and Hold?

Real Estate Broker/Owner with Crescent City Living LLC Licensed LA RE Commission

Investment properties

Is it time for investors in New Orleans real estate to move from buy and flip to buy and hold?

It might be.

Year over year, rental rates in New Orleans have been on the rise, with a shortage of properties in the neighborhoods and condition that tenants are searching for. 

Not just apartments and doubles, the single family rental market has severely limited options for residents that plan to be here for a short term (1-3 years). 

Moving from flipping into the rental market may make perfect sense for your investment properties.

Who is the target market for these investments?

  1. Millennials who are moving out of their parents home and want to live in the hippest neighborhoods, close to work, bars, restaurants and entertainment options. Often, they can't afford to purchase in those neighborhoods, so they opt to rent in an area that fits their lifestyle.
  2. Short term residents with families are most likely to want to live in a place with a yard, so don't discount the value of investing in an established neighborhood that's not in the heart of the city.

According to a recent survey by For Rent Media, 69% of renters....Continue Reading Here




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Louisiana Orleans Parish New Orleans
Louisiana REALTORS
Louisiana Real Estate
Louisiana Lagniappe
Local Expert
HyperLocal Neighborhood and Community Posts
new orleans investment property

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Lisa Heindel

New Orleans Real Estate Broker
Ask the Broker

Additional Information