If I were single right now without a child to take care of I would be packing up my bags and heading to New Orleans to open up a business. You know rent would be cheap as hell. What would I open? I'd open a pawn shop. People need money, food, and water. They don't need that damn 42" flat plasma screen TV they stole. They don't need that old collector car that got flooded out. They don't need jewlery. They need money to start over with. A few months from now they'll need stuff like this, or I'd have it all sold on ebay by then and I'd be packing up my truck load of money and heading back home.

I'd be rich as hell and I'd be helping people at the same time.

If anybody does this you have to send me a cut, or free gear. or free gear and a cut.

Dude, with the auto sector taking a shit, I'm half tempted to do just that.

A contractor. It is going to be a boon just like andrew and the northridge earthquake. A little research and buy up all the distressed stuff that people walk away from or werent insured enough. Banks will be giving them away. 3-4 years CHA CHING!!!!

Funny you say that, I'm working with a few investors right now and we're pooling our money and working with a broker to buy up properties down there. We're figuring we can get them for about the cost of the land less 30%. The only difficulty we're running into right now is locating some of the owners. If you've got the capital invest now. There's gonna be milllions to be made.

I totally think that contractors will be making some serious cash when this is all said and done. There will be years of work to do..........but investing is also a great idea. How much is the buy in BuffDiggity

being a contractor will definatly have it's rewards, buying properties for redeveloping is ging to be very risky, you have no way of knowing will they rebuild at current standards(homes) or will they level out the home you just bought and make way for more shopping malls! it is a risky thing now to invest in property deals right now.

Risk???? there's no risk....the property is gonna be developed for something, whether it be homes or industrial. I don't care about the condition of the homes. I want the land. Where you can make money on homes down there is buy up the ones that will only take a few thousand to get cleaned up and turn them into rental properties. Contractors and government workers will need a place to live when they are down there.

fish the buy in was pretty steep...6 figs.

Buff, but the land your are gonna buy is so saturated with waste it may not be fit to turn the soil over and start again, they may make it that you have to dig, remove, and then back fill, thats very costly.

Funny you say that, I'm working with a few investors right now and we're pooling our money and working with a broker to buy up properties down there. We're figuring we can get them for about the cost of the land less 30%. The only difficulty we're running into right now is locating some of the owners. If you've got the capital invest now. There's gonna be milllions to be made.

Buff, they're probably floating around in the basement.

Buff, but the land your are gonna buy is so saturated with waste it may not be fit to turn the soil over and start again, they may make it that you have to dig, remove, and then back fill, thats very costly.

We've already looked into that. That's the EPA's part of the billions in aid that's coming to the gulf coast.

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