New Orleans Market
I will be moving to New Orleans soon for personal reasons. My question is if anyone could shed some info on the New Orleans area real estate market strength, weaknesses, trends, etc. What I learned so far from searching on the internet and MLS is I found that prices vary drastically from street to the street right next to it. Multi family is cheap for some reason even though rent $ amount is good which good be good cash flow, I also found some fixer uppers that would not last a day where I live now. Also the areas that looked healthy and high in prices, French quarter, warehouse district, Garden district, Carrollton/University. Could you please elaborate on my findings and if you have anymore information would be greatly appreciated.
Thanks
This maybe obvious, but do you know what liabilities are being purchased as well?
we do have a lawyer now...Just wanted to know if anyone else have been in this type of situation