My wife and I find ourselves in a position that we have a home valued at 400k.With an outstanding mortgage of 145kCurrently my wife’s parents are on the loan but have no interest in the equity.We are considering a cash out refi and using 100k to put down on another home in the future and then renting this home out.  

You need to refer to the new CZO (Comprehensive Zoning Ordinance) and determine the current zoning as well as the future land use zoning.You can look up the zoning here:  http://property.nola.gov/

Some will learn many will fall into the future traps.  

Pretty rough neighborhoods there.Hope this helps and good luck on your future investments.

Looking forward to the future.

I suppose these are future projections right?

Oh well, I'll try to taylor my posts to be more nebulous for future reviewers;)

If there are any meet ups in the future please reach out as I’d love to network.Matt

I make sure the HVAC is in good shape or replace it.You can always make bigger and better improvements later during future turnovers.Get it up and running and start collecting rent ASAP.

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