Multifamily in Lafayette, Louisiana

[Amir Mohammed]

Hello BP Teams,

I am looking to purchase a 12 unit multifamily property in Lafayette, Louisiana. I am not familiar with this area and the market. The deal on paper cash flows good and has tenants paying on time. Is this city a good choice for some buy and hold multifamily units. I am actually looking to JV the deal with the sellers agent. He owns some rentals in that area and is familiar with the area.

I am aware of the process of the structuring on a JV deal. Did your deals go south with a JV deal and can you share your experience so i can look out if we get in to contract.

[Jeremy H.]

I live in Lafayette, LA. I passed on the complex you're talking about for a few reasons