Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Louisiana > New Orleans
 [Register]
New Orleans New Orleans - Metairie - Kenner metro area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-30-2006, 07:36 AM
 
Location: New York City
104 posts, read 386,856 times
Reputation: 50

Advertisements

Anyone taking advantage of foreclosed homes in N.O.?

Seems like there would be good opportunities to buy damaged homes at a huge discount, fix them, then sell them off at nice profit.
Reply With Quote Quick reply to this message

 
Old 09-09-2006, 09:00 AM
 
11 posts, read 11,534 times
Reputation: 9
I suppose some are, but most homes were so damaged that there is nothing left to flip. Katrina did the flipping for them. Most home owners are still waiting for the insurance companies to pay for the repairs.

My guess is that once the repairs are made, some home owners will move, selling their homes at a lower price, making them a good investment to flip.

Quote:
Originally Posted by New_Yorker View Post
Anyone taking advantage of foreclosed homes in N.O.?

Seems like there would be good opportunities to buy damaged homes at a huge discount, fix them, then sell them off at nice profit.
Reply With Quote Quick reply to this message
 
Old 09-15-2013, 06:59 AM
 
Location: Michoud Area/ New Orleans
643 posts, read 977,870 times
Reputation: 326
All the time
Reply With Quote Quick reply to this message
 
Old 09-15-2013, 11:13 AM
 
Location: Louisiana to Houston to Denver to NOVA
16,508 posts, read 26,301,334 times
Reputation: 13293
It does happen but I think it's a little harder there because of the block-by-block demographics. My family flipped a house in a ghetto of Baton Rouge but the house wasn't damaged by the storm nor did the area have flooding.
Reply With Quote Quick reply to this message
 
Old 09-15-2013, 11:29 AM
 
Location: The Upper 9th
41 posts, read 58,971 times
Reputation: 70
Nice necrobump. I'm in the process of rebuilding a foreclosure in Bywater now. It's sort of a slow flip, in which I'll be living in the house for a year or two and doing the work whenever I have time. If you are able to buy a foreclosed house and have the carpentry, plumbing and electrical skills to do the remodeling work yourself, there's money to be made here.
Reply With Quote Quick reply to this message
 
Old 09-15-2013, 01:27 PM
 
Location: Louisiana to Houston to Denver to NOVA
16,508 posts, read 26,301,334 times
Reputation: 13293
That's what we did but we never lived there.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Louisiana > New Orleans
View detailed profiles of:

All times are GMT -6. The time now is 06:36 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top