Houma, LA

[Stephanie Foret]

Hi BP community,
I have been a member of BP for a while but never did an in introduction. I live in Houma, LA about an hour south of New Orleans LA. I have been lurking around for a while reading, learning, and getting all my ducks in a row. I am currently working in wholesaling and rentals. I am working on my first wholesale and rehabbing a rent house with my in-laws. I am a member of the New Orleans REIA (NOREIA) and The Real Estate Investor Networking Group (The RING) in Baton Rouge, LA.

I also wanted to say thank you to any and all members that have helped me and patiently answered my questions over the months.

[Stephanie Foret]

Bryan K. Houma is small in relation to New Orleans, we have a net population of around 209,000. The economy here has done very well compared to most other places 5% unemployment rate and while yes the job people want may be hard to get most people still have jobs. Over the past few years I have seem lots of companies (large& small) building stores in Houma when most companies where cutting back this area was still doing well for them most part. There has been a fair amount of new SFH & large multi construction. Houma is #104 on the Forbes list for "Best Small Places for Business and Careers" and #23 for "Job Growth" It is close enough to New Orleans that I can still benefit from that area as well ranked #29 on the Forbes list for "Best places for Business and Careers" and was Forbes's 2012 fastest growing city.

Not the best numbers but good enough that thinking about getting into real estate investing in the area just made sense.

Not saying we didn't feel the pinch as the economy went down hill but it was SIGNIFICENTLY less than most other places. We were very lucky in that respect.