All Forum Posts by: Kimberly Lipari

 following to learn!

Especially from folks who manage it themselves. 

following.

I've been doing some research on this topic and the main point I keep seeing over and over is that you make your money when you BUY in vacation property. If you can do the math and pay the mortgage with a less than stellar occupancy then it's a good sign. 

Other considerations like cleaning, repairs, maintenance, etc are personal to your management needs and would need to be included in the calculations.

My major stumbling block here is the 20% down. Without alot of cash it seems hard to break into the market with a really attractive ROI if your looking to strictly rent and not utilize the property for yourself as well.

Looking forward to some experienced answers here!

Thank you very much for the Welcome.

Sound advice, appreciate that @Robert Leonard. Lafayette is my hometown, great to see a 'local' face. I agree that any risk should be as measured as possible.

Thanks for the welcome! Trying to figure out where to start. 

Allaenna we are lifelong Louisiana residents so we've watched the NO market survive for years, it's very attractive.

Chris, I have family in Houma, a great area.

Hey there!

New to RE and looking to learn what I can about investment opportunities. My husband and I are living near New Orleans and would like to find a way to participate in the market there.

Our goal is to find some independent income and build a nest egg for our family!

-Kimberly