All Forum Posts by: Bernd K.

It worked for me in the past also, when it was still Postlets. Not anymore...

Wear a suit - because you are serious.

Bring a spreadsheet that shows your current investments, or past deals. They are not afraid of numbers, and they want to see that you are thinking numbers too, not castles int he sand.

Hi Yenlan,

what do you mean - 'we took the payment before the court which is no..no'? Please explain.

My experience with evictions in Texas is limited - I only evicted once so far. To me, the whole procedure seemed quite straightforward. I would do it again on my own, without lawyers or a company.

One thing I learned is that the law here in Texas is very much on the side of the landlord. Important: When a tenants wants to appeal the initial ruling, they need to pay to the court the rent that is due while the legal procedure plays out. That's a great protection for the landlord, because you're not going to miss rent payments during the trial period.

I'm using the Zillow Rental Manager to post my rental ads. THey are now listing my telephone number in the ad, even though I select the checkbox to NOT show my number. 

Have you run into the same issue? Any Workaround?

A bank can offer you any kind of mortgage (rate, amortization, balloon payment, adjustable rate after 3, 5 or 7 yrs etc.). They usually refer to the loans for which they make up their own rules as 'commercial', to set them apart from the 'conventional' mortgages, for which the rules are set by FannieMae/FreddieMac.

The rules you are citing (4 unit or less, amortization 30 yrs, also 15 yrs) are FannieMae/FreedieMac rules. If a bank wants to enjoy the guarantees that FannieMae/FreddieMac provide, the banks need to follow their rules when issuing mortgages. One of their rules is that a person can only hold up to 10 mortgages. This means that you, the landlord, can finance up to 10 single-fam homes using the extremely advantageous conditions of these government-backed 'conventional' loans. Run the numbers to compare cash flow from a conventional 30-yr mortgage and a commercial mortgage from you local bank. 

You should try to find a broker or bank that is willing to sell you conventional mortgages up to the 10-mortgage limit, simply because the cash flow is going to be so much better. Call a few brokers in your area.

I'm looking to switch several rental properties and two flips to a new insurance company. All proerties are located in Austin, Tx.

I'd like to find an insurance for the rentals and flips that doesn't require me to insure my primary residence with them as well. Any leads?