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Started By
Message
Talk of selling lower 9th ward lots for $100
Posted on 8/23/14 at 10:38 pm
Posted on 8/23/14 at 10:38 pm
Who's up for starting a Tigerdroppings neighborhood?
I'm in
LINK
I'm in
LINK
This post was edited on 8/23/14 at 10:48 pm
9
Posted on 8/23/14 at 10:40 pm to King of New Orleans
1. Buy lot
2. Rent to 10 street people for $1 mo/each
3. ???
4. Profit
2. Rent to 10 street people for $1 mo/each
3. ???
4. Profit
Posted on 8/23/14 at 10:41 pm to King of New Orleans
You can buy buildings in Detroit for even less than that.
Posted on 8/23/14 at 10:41 pm to King of New Orleans
(no message)
This post was edited on 6/16/16 at 8:05 pm
Posted on 8/23/14 at 10:43 pm to King of New Orleans
Seems like a great investment opportunity. You should dump your life savings AND borrow as much money as you can to dump into it IMO.
Posted on 8/23/14 at 10:43 pm to Yung_Humma
Tax sales
Posted on 8/23/14 at 10:43 pm to Yung_Humma
It was just on wbrz tard.
Posted on 8/23/14 at 10:44 pm to King of New Orleans
Do you have to pay extra for the culture?
Posted on 8/23/14 at 10:46 pm to mikelbr
quote:
It was just on wbrz tard.
If true, I bet the general public will never even actually have a shot to buy them. Someone with connections will snatch them up then get tax credits to build low income houses.
Posted on 8/23/14 at 10:47 pm to King of New Orleans
Too late. Brad Pitt bought them all.
Posted on 8/23/14 at 10:49 pm to stout
It is true. And nobody has bought these lots. Wide open. I have a feeling 100/lot is a bit low tho
Maybe 100/.25 acre
Maybe 100/.25 acre
This post was edited on 8/23/14 at 10:49 pm
Posted on 8/23/14 at 10:49 pm to CT
That culture. They sure love that culture.
Posted on 8/23/14 at 10:50 pm to CT
quote:
Do you have to pay extra for the culture?
Dude, you should get a bozo button or chocolate chip cookie for this one. You use it so damn much I hope someone give you a reward one day for it.
Posted on 8/23/14 at 10:53 pm to Bushmaster
I'll start a grass cutting business for the OT......You buy the lots for Saints tailgating (Near the dome... ) send me the grass cutting fee weekly and you can visit your wonderfully appointed lot in the new and desirable Lower 9th Ward that is so much better than the lowly 8th Ward! 
) send me the grass cutting fee weekly and you can visit your wonderfully appointed lot in the new and desirable Lower 9th Ward that is so much better than the lowly 8th Ward! Posted on 8/23/14 at 10:53 pm to mikelbr
quote:
And nobody has bought these lots. Wide open.
Price wasn't right.
If NOLA wants something done with them they will see that they go to the right person and will assist that person in securing federal tax credits to build low income houses because what else would someone build in the 9th?
I know a guy in Kenner that has done a few of those type of projects all over the state actually. This would be up his alley and he has the connections.
Posted on 8/23/14 at 10:54 pm to King of New Orleans
quote:
King of New Orleans
Maybe now the King can actually live in New Orleans.
Posted on 8/23/14 at 11:00 pm to stout
quote:
If NOLA wants something done with them they will see that they go to the right person
:lol:
Posted on 8/23/14 at 11:02 pm to stout
quote:
If NOLA wants something done with them they will see that they go to the right person
Posted on 8/23/14 at 11:10 pm to fatboydave
quote:
Because it doesn't happen every day in LA politics?
You would be amazed at the free money developers get to develop housing as long as it's for low income families.
There was a project here in Lake Charles that the guy in Kenner I mentioned was granted $28 Million in tax credits to build 280 house then got another $2 million from the state for site development.
The project eventually was shrunk due to some outside factors but it exist and is full. He also gets a yearly allowance for ongoing maintenance yet gets to keep the proceeds from the rent.
There is another one built by Pine Shadows golf course here in LC built the same way and that developer is now facing federal charges for things unrelated but he still owns the development with very little out of pocket making tons of money every month.
Both were built because each guy had strong political connections.
Posted on 8/23/14 at 11:48 pm to stout
I need to look into this.
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