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Started By
Message
re: New Orleans investment opportunities
Posted on 8/31/21 at 2:47 pm to ThePostman
Posted on 8/31/21 at 2:47 pm to ThePostman
Ashley Wood
License# 995685001
RE/MAX N.O. Properties
I wonder if Ashely would? I know the OT wood.
License# 995685001
RE/MAX N.O. Properties
I wonder if Ashely would? I know the OT wood.
0
Posted on 8/31/21 at 2:49 pm to remax_joe
Man, only 48 hours after the hurricane and you're looking for investment opportunities that it will create?
Posted on 8/31/21 at 2:58 pm to remax_joe
I would view this catastrophe as an excellent investment opportunity. Likely lot's of folks are packing it up and going to greener pastures in the short-term. But what this hurricane has shown in the long-term is that the levee system and pumps held up and operated as intended. I believe once New Orleans builds back a more robust electrical grid, the city will be more-or-less weather proofed. So yeah, if I'm a realtor and have investors backing me, now would be a good time to start planning on swooping in and buying the inevitable distressed properties.
Posted on 9/16/21 at 2:49 pm to Cotten
quote:
Joe Moore
My guess based on social media.
Regardless who it is irl, what soulless pos even remotely thinks to ask this while people are trying to rebuild their lives.
Indirect knowledge through family dealings with commercial property. The Jon Bel Edwards /TD / COVID phrase applies:
FTSC.
That is all.
Posted on 9/16/21 at 2:53 pm to remax_joe
quote:
New Orleans
quote:
opportunities
Oxymoron
Posted on 9/16/21 at 2:56 pm to remax_joe
There were a couple of reasons investing in NOLA property after Katrina was a good move, and those don’t exist for Ida, at least not in the same numbers as Katrina.
The NOLA housing market was destroyed by Katrina.
Everybody flooded. If you were a property owner and your property didn’t flood, or you were able to get it restored faster than everybody else, you had an opportunity to sell for a lot higher. I made just about 50% profit on my place and I had been there 3 years.
If you weren’t a property owner, you had the opportunity to get into flooded/damaged properties cheaply, fix them up, and flip.
The NOLA housing market was destroyed by Katrina.
Everybody flooded. If you were a property owner and your property didn’t flood, or you were able to get it restored faster than everybody else, you had an opportunity to sell for a lot higher. I made just about 50% profit on my place and I had been there 3 years.
If you weren’t a property owner, you had the opportunity to get into flooded/damaged properties cheaply, fix them up, and flip.
This post was edited on 9/16/21 at 2:59 pm
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