Could it be time to safely invest in New Orleans, Mississippi, and Alabama-post Katrina and other disasters?
Some investors are reporting good [tag-tec]preconstruction[/tag-tec] developing in [tag-ice]Mobile[/tag-ice], and what is being referred to as the [tag-cat]Go Zone[/tag-cat].
The Go Zone is made up of those areas in the Katrina states where the government is encouraging rebuilding. Claims are that hefty depreciation is one of the rewards for rebuilding.
Downside? Watch out for slow supplies. Some [tag-cat]rehabbers[/tag-cat] are having trouble getting the materials they need on time.
3 Questions Investors are Asking About Reconstruction in the Go Zone
1. Can modular or prefab housing be brought in?
2. Is there enough construction labor to do the work?
3. Will the [tag-cat]insurance[/tag-cat] companies pay off claims without too much hassle so those stricken can rebuild?
People really need [tag-cat]housing[/tag-cat] down there. They’re tired of living in motels. That’s a very strong incentive for taking a few risks. Especially when you consider some of the slowdowns in other parts of the country.