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re: So if Sherwood Forest is ghetto, what about Lake Sherwood Acres?
Posted on 9/24/17 at 6:11 am to financetiger
Posted on 9/24/17 at 6:11 am to financetiger
Sherwood forest isn't ghetto. Just the surrounding neighborhoods are.
This post was edited on 9/24/17 at 6:13 am
Posted on 9/24/17 at 6:27 am to financetiger
Lake Sherwood Acres is fine. Sherwood Forest for the most part is fine. There are elements around Old Hammond and then again by Florida, but they're not invading as fast as the OT would lead to to believe.
Posted on 9/24/17 at 7:12 am to TigersSEC2010
It is fine but not as desireable as moving to the Southern part of Baton Rouge. The people who bought my homes in the early 2000's all had kids going to STM.
I had 6 rental homes I redid and had rent to own tenants in the Sherwood Forest area. I bought them in the early 1990's when they had a lot of foreclosed homes in that area mostly due to layoffs in the chemical plants. The most expensive home I bought was a two story for $40k that needed $100k of work in the 1990's. Back then when the foreclosures were all over this subdivision spending $100k in work plus $40k to buy a house not worth $140k during this period did not make sense. I did it and was able to finally sell the homes in the early 2000's and barely make my money back on a updated home.
The Eastern part of the subdivision was going down in the early 90's, it had a slight upswing, and then after Katrina this area been less desired being closer to Belaire, little Jamaica, and Blvd de Providence. Only shot you have in making money is finding a house near STM that needs work and get it for a good price.
The other side of Sherwood farther from Florida Blvd and that did not flood are still slowly going down just not as fast. I had two in that area and they sold quicker for higher price.
I had 6 rental homes I redid and had rent to own tenants in the Sherwood Forest area. I bought them in the early 1990's when they had a lot of foreclosed homes in that area mostly due to layoffs in the chemical plants. The most expensive home I bought was a two story for $40k that needed $100k of work in the 1990's. Back then when the foreclosures were all over this subdivision spending $100k in work plus $40k to buy a house not worth $140k during this period did not make sense. I did it and was able to finally sell the homes in the early 2000's and barely make my money back on a updated home.
The Eastern part of the subdivision was going down in the early 90's, it had a slight upswing, and then after Katrina this area been less desired being closer to Belaire, little Jamaica, and Blvd de Providence. Only shot you have in making money is finding a house near STM that needs work and get it for a good price.
The other side of Sherwood farther from Florida Blvd and that did not flood are still slowly going down just not as fast. I had two in that area and they sold quicker for higher price.
This post was edited on 9/24/17 at 7:17 am
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