New Orleans seems to be a booming area No?

[Rod Desinord]

I just recently came from there and there is a lot of development going on. Some of these properties are 100k and rent in the area is 1200 a month! Seems good to me anyone have feedback on it?

[Kimberly Jones]

It has been a long painful haul to get back on track and things are definitely looking up. The thing is, New Orleans is unlike any other place. Our laws are even different from all other States. If you try to step here without either educating yourself, or having someone local to help guide you.....you could wind up making some costly mistakes. It is also important to have a very good understanding of the neighborhoods/areas. You can literally cross one street and find the difference in values to be drastic. If you plan on rehabbing, keep in mind our housing stock is very old. If you have never rehabbed 80-100 year old properties (most of which are severely chewed up by termites), you have a whole new experience coming at you. Find yourself in a historical district and the game hits a whole other level. Oh, do not let me leave out the people here. Friendly on the surface, totally untrusting of "outsiders," fiercely protective of their turf. There are several threads out here on that topic alone.