Cassidy, Both Buyer and Seller in 77092

I am looking to invest in New Orleans. I need to know where are the "better" parts of town to invest in?

Asked by Cassidy, 77092 Fri May 30, 2008

I want to buy a cheap house or piece of land in New Orleans, and I need to know what parts of the town are the best to invest in. How do I go about doing that?

Help the community by answering this question:


I have friends that have formed investment groups for this specific purpose. I didn't join because I believe in keeping residential investmetn within 150 miles of home.
The stories I hear from them tell me that you need to know a very well connected local Realtor. One who is aware of the situation with government on all levels, lacal, state and federal. You need a knowledge of the exisiting community and what is the desire and level of effective community organization to get their community going again.
Any community as hard hit as NO was needs to have some core local groups pushing the agenda along. Those are the areas I'd look to invest in. An example is the Broadmoor area where locals, who were organized into a homeowner association before the hurricane hit have successfully brought back the neighborhood.
2 votes Thank Flag Link Fri May 30, 2008
Jed Lane, Real Estate Pro in San Francisco, CA
1) Better is all is more like risk versus returns
2) How much money do you have to invest?
3) There is nothing "cheap" in New needed to be walking the streets 1 week after Katrina to find cheap....those of us that did have invested heavily in life and limb, stolen copper and waves of awful contractors to survive the real storm.

Send me a budget and I can show you how to still make money...wait a month and expect to pay more. We can start with a home at $39,000.00 and go as high as $3.9 million, all within a 15 mile radius. At the end of the day you will require the following:
1) Downpayment for the property
2) If a house, $5k to $7K for insurance
3) If a piece of land, means and methods to keep it clean while you get plans and approvals to build on it for $80 to $180 per sf.
4) Alot of Advil.
Web Reference:
2 votes Thank Flag Link Fri May 30, 2008
This is Mohammad Tarique from Dubai United Arab Emirates, If any body is interested in good return and need quick exit with good return he can invest in Real Estate in Dubai. Normally the return on investment is around 40% PA and above. If you need to invest in Dubai which safest in world interms of Financial risk and geo poitical risk and good financial control you may contact me at info(at)comlinkpk(dot)com or at my cell no 0509022630
0 votes Thank Flag Link Wed Jul 16, 2008
I came across this helpful article awhile back. According to one investor they interviewed these are the areas: Downtown, Midtown and Uptown are all successfully coming back. In particular, Broadmoor—located in the Uptown/Carollton area—is doing well, and Ninth Ward has had a lot of building permits, according to Haines. Other areas, such as Seventh Ward, continue to struggle.

Lots of other good stuff too, worth the read if you are serious (see link below).
0 votes Thank Flag Link Tue Jun 24, 2008
I lived in the 17th ward of New Orleans, the west bank... I also lived in Covington. Check house prices on, but be very cautious in NOLA. Some areas, such as the Garden District can be beautiful in the day and dangerous at night; same especially for the French Quarter. Don't just contact any realtor that will sell you out... Before Katrina the Lakeview and West End was the safest but on the pricier side. Knowing Algiers, Carrollton... it really depends on what block you are looking at. SERIOUSLY. It will take some physical observation and local insight to target the best, but start with to compare pricing
Web Reference:
0 votes Thank Flag Link Wed Jun 18, 2008
cheap does not equal "better" in new orleans

matter of fact, there is no place in new orleans that i would want my daughters living...try covington..where all of us ex nawlans now live
0 votes Thank Flag Link Tue Jun 17, 2008
There are many homes in the mid city area, or gentilly area, that are great nbargains. I have many foeclosures that are steals and dont last longer than the day they are listed, but they keep popping up. I have loan people in place if you want to renovate a property.

If you'd like this info email me at
0 votes Thank Flag Link Fri May 30, 2008
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