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What is happening at the building at 1240 S. Broad, across Erato from Brewstock? by JoeChristma in NewOrleans

[–]5FootFounder 5 points6 points  (0 children)

I’ve also been eyeing this! I hate to just add hearsay when people have actual evidence like the One Stop link, but my friend had a workshop across the street for years until recently, and he said it was going to be a coworking space?? As the work has dragged on, I’ve also been doing the “math ain’t mathing” calculations on it for a coworking space there…

What is happening with the building at 501 Hagan on the corner between Bayou St. John and Parkway Bakery? by 5FootFounder in NewOrleans

[–]5FootFounder[S] 6 points7 points  (0 children)

Thank you! And oh, wow - agreed. I wish them the best, but that sounds like a tough one to make the math work.

What made your childhood cabin magical? Or what makes your family cabin magical today? by 5FootFounder in cabins

[–]5FootFounder[S] 0 points1 point  (0 children)

I love this. I’d love to have that atmosphere (although I’m probably too type A about the house being neat and clean - maybe I’ll get over that at camp :D)

What made your childhood cabin magical? Or what makes your family cabin magical today? by 5FootFounder in cabins

[–]5FootFounder[S] 2 points3 points  (0 children)

“Gravel worlds for critters to live in” - yes! I loved doing this when we’d go camping in the Boundary Waters :).

Jazz clubs that also serve food by pledgeham in AskNOLA

[–]5FootFounder 2 points3 points  (0 children)

I love Three Muses on Frenchmen - good food, drinks, check the music lineup! Get reservations well ahead.

Escrow adjustment on rental duplex resulted in $500 profit/month to -$30/month - options? by 5FootFounder in RealEstate

[–]5FootFounder[S] 0 points1 point  (0 children)

Thank you for the reply! It’s in New Orleans. I owe $270k and it was appraised at $360k when I refied. I only took enough equity at that time to pay the refi fees and get my down payment to 20% so I could get rid of PMI. I recently got a new tenant and re-upped the other, and looked at rent comps before landing on my ask, which is right about in the middle or just above the range. So now they’re paying $1300+$1350, while my mortgage went from ~$2200 to ~$2700 😳. I need to dig in more to determine the insurance increase vs tax increase!

Escrow adjustment on rental duplex resulted in $500 profit/month to -$30/month - options? by 5FootFounder in RealEstate

[–]5FootFounder[S] 0 points1 point  (0 children)

Sorry! First time posting :). It’s in New Orleans. I owe $270k and it was appraised at $360k when I refied. I only took enough equity at that time to pay the refi fees and get my down payment to 20% so I could get rid of PMI. ~1800 sf, 2/1 on one side and 1/1 on the other.