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) How much money do you have to invest?
3) There is nothing "cheap" in New Orleans...you 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.
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
Lots of other good stuff too, worth the read if you are serious (see link below).
If you'd like this info email me at email@example.com