All Forum Posts by: Arthur Schwartz

Who is going to manage the property?  How is someone evicted? 

Call the county or town zoning person.  See if the lot can be subdivided, so that each cabin sits on its own parcel.  If it can be subdivided, financing will become much easier....

Hi there! I now own an STR in Dallas. Yee haw!!! However the property management companies seem to want a minimum of $50K in gross rent. Are there any property managers who may take a property with less revenue? Thank you, in advance for any recommendations!

I would try to reach out to other investors in the area through REIA meetings. Offer a competitive interest rate, but lower than the current rates being paid. No equity, just a long term note.

Each county will often have a website or clerk where you can look up liens against a specific property.  However, it's possible that not all lines are posted.  Also, about seeing a property in person:  I have found local real estate agents, who are willing to go out and take photos and email to you, for a modest fee.

I'm interested to follow this discussion.  It would be pretty simple to find a mortgage loan calculator online; input the current loan balance; and modify the terms as needed. For example, the length of loan can be extended; or the interest rate reduced. Insurance and property taxes are a simple add, on top of the amortization schedule.  

I would call or email a specialist in FIRPTA such as "Tax solutions FIRPTA consulting" in Katy Texas, since they can answers all questions about the law plus investor friendly lenders

Honestly I was not aware of this group!  where and when is the meeting?  I will do my best to be there......

Thank you also!

great info!  thank you!

Hello and happy holidays!  I have a possible seller financing opportunity, where I would be the buyer.  Can anyone recommend software which would accept monthly payments (from me to seller) and create proper 1099 forms for tax purposes at year end?  Thank you!