All Forum Posts by: David Abarca
David Abarca has started 9 posts and replied 30 times.
Post: CPA Recommendation Needed in Louisiana (Lafayette or Baton Rouge Preferably)?
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Quote from @Patrick Roberts:
Attracct in BR is a Fractional CFO service that also handles advisory services and bookkeeping. John Roberts Jr is a CPA and one of the firm principals. I think they offer tax prep services, but I'm sure they would have a recommendation/partner for that if they don't.
John Roberts also is one of the organizers for Red Stick REIA meetups in BR and is heavily involved in REI.
I second John and attractt
Post: New to the group!
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Hey Trey, I live in Denham, let's connect!
Post: How to pull equity out of a subject to property?
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Quote from @Andrew Postell:
@David Abarca yes, a 2nd lien is what you would do. Some times you need private people to provide that 2nd lien and sometimes you can go to a lender (but not all lenders will do it).
That's what I figured. Does anyone know any national lenders that do 2nd position loans up to 75% ltv?
Post: How to pull equity out of a subject to property?
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Quote from @Diya Shenme:
Quote from @David Abarca:
I have a question for all the subject to people out there. How do you pull your equity out of a property that is subject to? I have a property that we took over payments of the loan on and it has a 3% interest rate on it. I would not like to refi it since rates are around 7% as of this writing. Is there another way or company that allows you to pull that equity out?
may I ask, How did you find this property?
Post: How to pull equity out of a subject to property?
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Post: How to pull equity out of a subject to property?
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
I have a question for all the subject to people out there. How do you pull your equity out of a property that is subject to? I have a property that we took over payments of the loan on and it has a 3% interest rate on it. I would not like to refi it since rates are around 7% as of this writing. Is there another way or company that allows you to pull that equity out?
Post: 2X increase in residential property insurance Baton Rouge, LA
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
I saw a $300 per month increase on a mixed use building I own. Quite the jump
Post: [Calc Review] Help me analyze this deal
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
*This link comes directly from our calculators, based on information input by the member who posted.
Every single BRRRR deal I analyze I get the same results. They all make good flips but none seem to cashflow. Am I doing something wrong?
Post: Refinance On Manufactured Houses
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
I know that my local bank will do them. Check with a few local institutions.
Post: Property Management NOLA
- Rental Property Investor
- Baton Rouge
- Posts 34
- Votes 9
Thanks!