Is NOLA worth the investment going into 2024?

[Vante Jay]

Ive scrolled thru countless forums, thru BP blogs and even tik toked as close to this question.. 

I’m here wanting to ask is New Orleans a year prior to the Super Bowl worth the investment? 

I’m looking for a 2-4 unit property around the country and I’ve circled back to NOLA due to the inexpensive  multifamily properties that is available 

a few questions…

Is this market saturated? 
Is rent prices reasonable?

Is it hard to find renters? 

[Greg Jeanfreau]

@Vante Jay As with juat about everywhere else in the country The New Orleans market has many many active investors. It is still competitive , but as with all markets there are always deals to be found. I personally have not had much of a hard time finding tenants for my apartments. Mine are all in pretty good neighborhoods that are very walkable. That being said, In order to successfully invest in the city of New Orleans you must have a fairly deep understanding of the city. I would urge great caution when choosing neighborhoods and even blocks to invest in as things can go uphill or downhill very quickly. There are multi-million dollar houses that you can walk just a couple short blocks and watch the neighborhood get pretty rough and potentially dangerous. I still find the rents to be strong with a fairly decent tenant pool to choose from. Louisiana is also a very landlord friendly state and that doesn't hurt either.