Have you seen those house flipping shows on HGTV and TLC? The ones where idiots who don't know a saw from a hammer but have $500,000 burning a hole in their pocket go buy a house, renovate, then sell it for a hefty profit?
Have you heard of Hurrican Katrina, and the city formerly known as New Orleans?
Have you ever wished there was some sort of "web log" combining the aforementioned two subjects? Well your friend Ultra Laser has come through for you, chronicling his adventures in
babysitting real estate. Or, as he puts it, "
An intimate look at a post-Katrina house flipping startup in New Orleans".
I'm really excited about this, and if I had anything close to the ability to get a mortgage (which I don't, no thanks to all the people who refuse to visit bil.com and click on my ads...), I'd be right there with him. Go
check it out.
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I don’t think I would buy a house there unless it was gutted and let in the sun to completely dry out for a month or so. It might just be easier to salvage the old, good wood and then demo the property. Nice, old growth timber can catch a good amount of money.
you have ads?! firefox + adblock for the win! for me, anyhow. sorry.