is this a good time to purchase commercial real estate and multifamily propety in new orleans, la?

In Buying Property - Asked by thompson d. - May 20, 2010
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Answer(s)

Joe H.
Broker/Agent
Columbia, SC

Most people look at real estate as a one time purchase, where as some of the wealthiest individuals have portfolios filled primarily with real estate. Yet the average person pours thousands of dollars into the stock market, sometimes, to only have a piece of paper in the end. Real estate is now at the lowest prices we will ever see in our life time. BUY BUY BUY....

May 26, 2010
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Brad L. K.
Broker/Agent
Columbus, OH

You need to look at the local economic drivers and demographic trends to determine if this is a good area to invest long term. This is a good time to buy low so long as the market will recover and give you the opportunity for upside. You should talk to a good local commercial realtor in New Orleans that can advise you. Randall Walker, SIOR is a top commercial real estate agent in New Orleans and will be able to advise you. His number is 504.832.8011
Brad Kitchen, President, Alterra Real Estate Advisors www.AlterraRE.com

May 31, 2010
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