Bogalusa Multi Buy and Hold
I have a lot of due diligence to do as an investment in Louisiana would be an out of state investment for me. However I do have family in the Bogalusa area. I’m curious to know how the buy and hold market is in this area, and if cash flowing deals are being found. What is the average rent per square foot etc. Thank you
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Bogalusa is a dying town. Lost half the population over the past 40 years. Main employer paper mill has cut back jobs and very likely to close down in the future.
People there are quite poor, median household income of about $19,000. Schools have bad marks.
Could consider purchasing in Covington, La. It's 20 minutes south. It's growing with some new businesses and corporate offices and many people commute to New Orleans. Close enough for your family to check on properties.