All Forum Posts by: David Abarca

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

1 Vote

Baton Rouge, Louisiana

Hey Trey, I live in Denham, let's connect!

0 Votes

Baton Rouge, Louisiana

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?

0 Votes

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?

MLS

0 Votes

Quote from @Jacob Sherman:

Hey David ! What is the property subject to ?

The existing mortgage

0 Votes

I saw a $300 per month increase on a mixed use building I own. Quite the jump

0 Votes

Baton Rouge, Louisiana

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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?

0 Votes

Baton Rouge, Louisiana

I know that my local bank will do them. Check with a few local institutions.

0 Votes

Houston, Texas

Thanks!

0 Votes

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)?

Post: New to the group!

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: 2X increase in residential property insurance Baton Rouge, LA

Post: [Calc Review] Help me analyze this deal

Post: Refinance On Manufactured Houses

Post: Property Management NOLA

David Abarca has started 9 posts and replied 30 times.

Biggerpockets Logo Post: CPA Recommendation Needed in Louisiana (Lafayette or Baton Rouge Preferably)?

Biggerpockets Logo Post: New to the group!

Biggerpockets Logo Post: How to pull equity out of a subject to property?

Biggerpockets Logo Post: How to pull equity out of a subject to property?

Biggerpockets Logo Post: How to pull equity out of a subject to property?

Biggerpockets Logo Post: How to pull equity out of a subject to property?

Biggerpockets Logo Post: 2X increase in residential property insurance Baton Rouge, LA

Biggerpockets Logo Post: [Calc Review] Help me analyze this deal

Biggerpockets Logo Post: Refinance On Manufactured Houses

Biggerpockets Logo Post: Property Management NOLA

Post: CPA Recommendation Needed in Louisiana (Lafayette or Baton Rouge Preferably)?

Post: New to the group!

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: How to pull equity out of a subject to property?

Post: 2X increase in residential property insurance Baton Rouge, LA

Post: [Calc Review] Help me analyze this deal

Post: Refinance On Manufactured Houses

Post: Property Management NOLA