Posted by Mike Oldfield on April 12, 1999 at 06:58:17:
1st question-What strategy do you want to use?
1st point - 90% of all markets are just like yours. Huge demand for affordable housing. Fancy stuff sells slow Nuff said here
2nd point Brokers are only good for one thing. Getting information on listed property. They don’t give good advice or they wouldnt be selling property for a living they would be buying it.
If you are going to be there a while go buy a rental property with three or four units near the oil industry hub in Lafayette. Or see if you can find some trailers for sale and do some Lonnie deals. Again what strategy.
How much do you know about what?
I should tell you that I believe quick flip is a collossal waste of precious investment time. Each to his own. I will follow up if you answer questions above.