Some will only allow you to withdrawal 50% or $50K, whichever is less.

Good Luck with which ever path you decide to take!!

Balloon Payment at 2% of Loan Value or six months interest in full, which ever is less.It is designed for a 6 month run.

Please contact agent for more information Buyer will receive a Special Warranty Deed Earnest Money Deposit to be 5% of Total Purchase Price or $2,500, whichever is greater A Buyer's Premium equal to the greater of 5% of the Winning Bid Amount or $2,500 will be added to all Winning Bid Amounts to determine the Total Purchase PriceI'll probably go by the house tomorrow and look around the outside.

I understand interest paid, points pre-paid, etc...can all be written off in whichever year they are paid in.

I'd recommend starting out by listening to as many podcasts as you can in regards to whichever niche you plan on working on.

Welcome to BIggerPockets Luke and whichever way you end up deciding to go, best of luck!

On average a NYer lives in an apartment for 7 years, so that's probably food for thought.My recommendation is to forego the abatement, as rents are moving higher, faster than even in 25 years, the rents will out beat the tax increases.Good luck to you whichever way you decide!

You find your next tenant.I would tell them though they are responsible for rent UNTIL you find another tenant or their lease is up, which ever comes first.If you wanted to buy one house could you tell the bank you're not going to pay for the one you're currently living in anymore b/c you're looking at buying a new house?

So you pay 116k for the property in cash and then its appraises for 300k, you can only get 70-75% of the ARV or up to 100% of your money paid (purchase price + closing) which ever is less.