Quite often investors get confused with the New Orleans housing stock..with so many variations between styles and neighbourhoods it can be challenging to understanding real value.
With our clients we go several steps further..and come up essentially with our own analysis of value based on direct and indirect expenses related to the business of owning real estate. This analysis is a conservative approach that helps when one is not sure what is the right price to offer for a property. The right price is ALWAYS your specific need, your level of risk and at the end of the day what return on investment is comfortable.
Call Ian Cockburn at (504) 615-2333 for more information on understanding CAP rates and value in the New Orleans marketplace.