All Forum Posts by: Logan Macrae
Logan Macrae has started 3 posts and replied 4 times.
Post: Looking for General Contractor recommendations in New Orleans (Orleans Parish)
- Real Estate Agent
- New Orleans, LA
- Posts 4
- Votes 2
Looking for someone with actual experience in Orleans Parish for future projects.
Thank you so much for your assistance.
Post: Newish member with years of experience
- Real Estate Agent
- New Orleans, LA
- Posts 4
- Votes 2
Quote from @Courtney Fricke:
Hey Logan, Welcome to Nawlins! I am an active investor that works all over the region. I founded the Northshore Investor meetup that meets the second Tuesday of each month in Covington. As my good friend and property manager, Stephen Leonard, mentioned above, there are many investor meetups in the area worth attending like the Westbank meetup (@StephenKeighery) and the new St. Bernard (@MikeFernandez) parish one. I primarily buy rentals with creative financing and stuff (houses, land, trailers, etc) that I sell on terms. Feel free to reach out if I can help. I attend a lot of the investor meetups from MS to Baton Rouge to all over the GNO.
Thank you for the very warm welcome. I am very interested in attending some of the local investor meetups. I'll connect with you now.
Post: Newish member with years of experience
- Real Estate Agent
- New Orleans, LA
- Posts 4
- Votes 2
Hi Everyone,
My name is Logan Macrae, I am a Realtor and investor focusing on the Greater New Orleans and Northshore of Louisiana. I have previous experience in the Colorado and NYC markets as well.
I think New Orleans specifically has a lot to offer investors because of the high number of multi-family properties compared to other markets. There is also a significant amount of opportunity for fix and flip here!
Reach out and let's connect!
Post: New Orleans STR changes could lead to opportunities or headaches
- Real Estate Agent
- New Orleans, LA
- Posts 4
- Votes 2
New Orleans City Counsel is currently proposing banning short-term rentals in all residential areas of the city. This move comes after a federal judge placed a restraining order on the city's previous change to short-term rentals. The previous change restricted short-term rentals to one per city block via a lottery system with the possibility of two additional exemptions. There are also rumors that the city counsel is looking to increase fines of violators starting at $10k for first violations.
So what would these changes do to the real estate market here in New Orleans? I believe this will affect the current housing supply in a positive way for buyers. If City Counsel's proposed ban were to go into affect, I think we will see both short and medium term changes. In the short term, the market will see more long term rentals available which will drive down overall rents. In the medium term, depending on how much the increased supply of rentals is able to drive down rents, we might start to see more investors selling their properties.
Overall, the market is always trying to seek an equilibrium of buyers and sellers both being able to freely find their ideal homes and this move would probably bring down record home prices.
What do you think?