All Forum Posts by: Adam Mazzochi

Jackie b do you get all of your money back when you refi? I’m just starting my brrrr strategy and I’m curious.

Josh with your experience and no other resources would you use personal heloc money?

Jay what are the safer options in your humble opinion?????? Also is 1million large enough???? Hope you’re having a nice holiday :-) And for everyone in here or reading this do you have any great stories on tax liens????

David I’m only interested in residential. I have no interest in commercial for liability reasons. Do you have anything positive to say about tax liens?

So are there any more horror stories besides burnt down houses and property damage ? I still like this idea of buying them to be honest I would be getting land or a damaged house ,....I’m also a contractor and have the resources to do the work or GC it done if needed. Is there a lot of risk to lose the entire investment???

I can deal with the damage it’s expected for sure even at that point you still make more money then the interest most of the time. The property burning to the ground now that scares me lol. Is there any insurance for this??? I guess worst case you can sell the land. So you guys are saying Lien certificates are not safe then?!? If so that’s discouraging :-(

From what I understand there is close to Zero risk if you stay on top of everything. You either get the principal with interest or you get to foreclose on the property this is where it get a bit tricky but still cut and dry if you stay on top of everything. I have ZERO experience though in Tax liens though lol

So is it foolish to take home equity and put it into Tax Lien Certificates????? Let’s say someone has a dozen rental houses paid off collecting rent would it be foolish to take the equity in those houses and make even more money in tax lien certificates????? I would be paying interest on the heloc like 4 percent and shooting for a higher interest rate on the tax lien certificate at like 20-30 percent. Your thoughts are VERY much appreciated and hope everyone is having a great holiday :-) :-) :-) :-) :-)

Would it be he same???? I’m thinking that because I have the rent income coming in now and I also have equity in the house over the 100 percent I’m borrowing after the refi. Like I might have 100k I’m getting back after the refi cashout whatever at that point and thats your 100 percent but the value of the house is now 125k because I renovated it and left the equity above my 100 percent that I’m pulling out. This is why I’m asking if my DTI would improve at this point.

Your 25 percent is the equity you would make on a flip but instead you’re keeping the paid for value there and renting it out so it’s not borrowed it’s paid for. What would be borrowed is the 75 percent. So if this is the case should my DTI get better ? Worse ? Or stay the same ?