In this market we are continuing to see alot of activity going on all over the New Orleans area. There are still many really good values especially in the Uptown areas of New Orleans.
Well folks...as I predicted this area where we took a chance and purchased some properties is getting ready to explode with growth! Totally awesome!! Checkout this link...
http://www.nola.com/news/index.ssf/2009/01/apartment_building_could_spell.html
One of the properties we have has been completed and is ready to sell...only $249,900.00 for 1900 SF of a great renovation!
The largest condominium development in the Metarie area now has 100% financing..Metroview condominiums located on Houma Blvd.
This gated community is a well built conversion, with low condo fees and lots of amenities including 2 pools and a gym.
In a financial world of loan constraints, there are now options for those with a few dollars in their pocket, good credit and need a clean comfortable place to call their own.
Email me at ian70119@yahoo.com or call 615-2333 for options on how to aquire one of these condominiums.
ON South Broad, between Canal and Tulane there is a silent revolution of major consequence...one by one, two by two there is a radical transformation happening...properties are very hot...being bought/sold/renovated at a rate never seen before on this major corridor...and the Federal rebuilding monies are not even here yet.
The best value left on South Broad, (all the other one's sold in the last 3 months) is a 10,000 SF warehouse on 2 lots...for $200K! This is not my listing, but I cannot help but share the opportunity for wealth...for this is a great deal in a corridor on an extremely busy road.
Stay tuned for pictures of specific properties, with pictures...brand new buildings in an area of rapid growth in this great city.
So the people who were hired by a subcontractor to help small investors get some of the Road Home money to help them rebuild small, under 4 unit rental places were all laid off this morning.
So now, all those people who had some what of a relationship with the folks working on getting these applicants Federal grant money from Washington are gone.
What is VERY interesting is out of this same pot of money, the Fairmont hotel got $105 million dollars!!!
So to summarize, 1000's of little people get nothing, while a large developer downtown New Orleans gets $105 milllion cash money, then over $50 million in Go-ZoNE tax credits, and then there are the historical credits, and so on.
Houston, I think we have a problem.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved