Hurricane Opportunity

**rburns** · 09-04-2008, 09:12 PM

I'm down here in S. Louisiana and as you know we just experienced a severe hurricane. I was wondering today what real estate investment opportunities might present themselves due to this unusual situation. Many homes were severely damaged and many people are without homes and need a place to live.

I would be interested in some ideas or suggestions from other investors as to how they would use this situation to advance their real estate business.

Have a Great Day!

**austinki** · 09-07-2008, 03:13 AM

I heard after katrina so many investors poured in that prices were relatively high but that was at the top of the bubble. So I dont think that will happen this time. I would look for properties that have structural problems but not water damage. Water damage is a mess. It basically messes up everything. So basically I would look for properties that were hit but didnt flood.

**Nat_Ferguson** · 09-10-2008, 06:30 PM

Invest in areas that fall within the GO ZONE. The goverment offers significant tax incentives in certain areas along the gulf coast in Texas, Louisiana etc. Try doing a google search for the terms investment and GO ZONE.

**axinvestor** · 09-10-2008, 11:39 PM

Originally Posted by austinki

I heard after katrina so many investors poured in that prices were relatively high but that was at the top of the bubble. So I dont think that will happen this time. I would look for properties that have structural problems but not water damage. Water damage is a mess. It basically messes up everything. So basically I would look for properties that were hit but didnt flood.

Agreed. Floods can be very unpredictable. So take them out and find places or house that didn't flood.