Real Estate experts say investors are swooping in on New Orleans property
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- Опубликовано: 11 авг 2022
- The real estate market is more of a buyers market today than it was last summer, however industry experts tell us it's investors who are reaping the rewards.
Real estate experts say the city's metro area could use at least a 50% increase in affordable rental properties. The demand for rental properties is the reason investors are purchasing multi-family homes across the city.
David Favret, President of the New Orleans Metropolitan Association of REALTORS says investors are seeing the need for rentals and are capitalizing of that need.
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Investors bought my sister's rental property last year in "as is" condition. They made no changes or upgrades but more than doubled the rent. They are advertising the property for rent continuously and scamming potential renters. The renters they have there now have fights all the time out front and have disturbed the peace of all the people on that block. Ask yourself why? 🤔
This is why people are leaving New Orleans and Louisiana. Investors want these homes, yet where will your long time renters go? Elsewhere. You have out of staters coming in and locals leaving. How much worse does this have to get? Its not just New Orleans. Its Orleans and Jefferson Parish that are effected.
Capitalism, get over it...
Who in the living hell want to live in New Orleans ???!!
Yeah... they have successfully priced the average buyer out of the market, intentionally, so they could do this. Not just in New Orleans either, all over the country. Cuz we will own nothing and be happy right?? 👀
There is nothing stopping you and 10 of your family members or friends putting money together to purchase multifamily properties, but you won't! You won't invest in each other and build using leverage and assets like these investment companies do... nope, you want your own, stuck on the wagon wheel of the false Amerucan dream!
Awesome! your potential seems limitless. I'm fascinated with investing but being a single mother and juggling all these things are quite difficult. How best can I start and what sector to engage in.?
@Bryan wow! do you think you can give me some advice on how to invest in a healthy way as you are doing? please
@Bryan Thanks for sharing, just looked up
on google and I'm super impressed with her credentials. I dropped a massage on her webpage and hope she replies soon
Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
Am not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turns out to be lucrative for me and Personally I have multiple streams so I just enable the use of an investment advisor to navigate and secure the returns.
Same thing happening in South Dallas. My niece is renting from a guy who lives in a $3,000,000 Million Dollar Beach House in California. The rich guy is scooping up and renovating dilapidated houses and empty lots near the Fair Park Area in Dallas.
Of course so let me tell you .. let the crime get bad
Raise everything up at it highest
Insurance company leaves
Your credit score better be 7.50 or higher
Interest rates will be like the devil not the mob has your soul
That means another form of slavery if you are renting as well
OMG really ... this has BEEN happening for years ... and now you decide to report on it ... AND our lawmakers city, state, and federal are doing nothing to help working people with insane home prices and rents skyrocketing ... NOTHING! Not even talking about doing anything ...
New Orleans should ban inverters from other states from buying real estate that’s is less then a triplex
a british accent is so relatable
Australian.
Let me guess black rock corporation.
NO ONE IS MOVING TO LOUSY-ANA THERE AINT SHT THERE BUT STORMS
Storms and thugs.