All Forum Posts by: Anil Rathi

Looking to invest in duplex or 4-plex in surrounding areas to Austin, don’t mind rundown properties...any leads?

@Stephen J Davis

Any recommendations for attorney in Austin area? Would prefer in person consultation

I am renting out a single story single family home in Texas.

1) do I need just 1 carbon monoxide detector (I already have multiple smoke detectors)

2) house was built in 1977, i’m not aware whether it has a lead paint or not, is there anything else I need to do other than providing the rentee the pamphlet on the lead related issue?

3) What do I have to do to make sure house meets the disability requirement?

Appreciate any help.

I am renting out a house that was built in 1977 in Texas. I do not know whether lead paint was used. The inspection report did not mention it anywhere (not sure if it is supposed to even mention it). Do I need to do anything? Do I have to test my rental house for lead paint? Do I still have to disclose it to the renter? any info will help.

@Jordan Moorhead

trying to purchase my first rental, in the process of actively looking and giving offers

@Jordan Moorhead

Is McKinney, little elm and other north Texas good investment spots? Looking for single family homes. I know central Dallas with Frisco and Plano are quite expensive.

@Scott Smith

My concern is more on the finance side. Given our bank accounts are together, would it be difficult for me to transfer money towards my real estate project if the LLC is only under my name which has the rental property?

What are some of the pitfalls of creating a LLC with a spouse for rental properties? Is it better to have a single member (just me) to protect her from any litigations against me?

@David Ivy thank you for your input.

@Charles HolderAppreciate your input, definitely will look into it.