Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Stephen Keighery

Stephen Keighery has started 26 posts and replied 603 times.

Post: Looking for cash buyers for off market New Orleans property

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Hey Keyto, I wholesale 3 to 5 deals in NOLA a month and have lots of buyers in the East. I actually have a bunch of rentals in Little woods. If you want to JV I could get this moved for you.

Post: Off Market College Rental Property for Sale (New Orleans)

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466
Quote from @Jack Shafter:

3,000sqft, 5 (if not 6) bedroom, 4.5 bath, college rental next to Tulane. I have owned and rented a house in New Orleans the past 3 years. I have had consistent cash flow from Tulane students and have not had an issue refilling the house. I was renting the house on probably the lower end and charging about 5k. If you or someone you know might be interested in purchasing the home for $685k I'd love to have a conversation. Happy to go over all the Pro's and Con's of the home and the current leases that are living within the house.

You are probably going to have to list it to get that price. If you were open to a lower price for all cash or something creative then I might be interested.

Post: New Orleans STR Rules - Simplified (Residential Version)

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466
Quote from @Selah Abrams:

@Daniel Purcell with City of New Orleans being so restrictive, is there a neighboring City that seems to have less of an issue with STRs and is still fairly accessible to all the things visitors are interested in?


 Your other option is to buy commercially zoned properties in New Orleans. 

Post: New Door and Shutter Color

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466
Quote from @Julie Muse:
Quote from @Stephen Keighery:
Quote from @Julie Muse:

black or navy. I really like this dark blue. Here is an example of that color on a house I have going on the market next week in New Orleans. I think the blue really pops with the white and its not a boring black.


 That looks great. What part of New Orleans is the listing?


 willow st close to the hospital. should be on next week. Been having trouble getting the new HVAC going they must be really busy now


 Nice area. Good luck with the listing. 

Post: Investing in Real Estate History: The Louisiana Purchase

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

This has to be the best Real Estate Deal ever. I live in New Orleans so think about this a lot. I appreciate the post. 

Post: Nationwide Monthly Housing Market Trends for June 2024

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Great Data, thanks for sharing. 

Post: New Door and Shutter Color

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466
Quote from @Julie Muse:

black or navy. I really like this dark blue. Here is an example of that color on a house I have going on the market next week in New Orleans. I think the blue really pops with the white and its not a boring black.


 That looks great. What part of New Orleans is the listing?

Post: Best Louisiana Investment Property Loans (DSCR Loans) - Easy Street Capital

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Awesome. I will get you to quote my next BRRRR

Post: Investing in Louisiana

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I invest and wholesale in Greater New Orleans, Baton Rouge and the Northshore. I have 25 properties (34 doors) that I mainly bought using the BRRRR method + a few I bought subject to and owner financing. Insurance is though right now which has hurt cash flow. The houses are affordable though and if you buy right the rental yields can be good.

Post: Wholesale Starting Out

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I would do your first few deals as Joint Ventures. Connect with a local wholesaler doing volume and get them to find the buyer so you can just focus on the deal. Lots of them will help you underwrite the deal so you get the contract at the right price. Once you get a few deals under your belt it will be much easier to build relationships with cash buyers.