All Forum Posts by: John Gonzalez

Thank you for reading this, I appreciate it.

I don't have prior seller financing experience. I want to sell my fully furnished, high-end downtown Austin rental via seller financing. I'm looking for a mentor - I am happy to pay a fee - who will show me the optimal path, help me avoid the mistakes / pitfalls, refer me to a good attorney, title company and get me to closing as reliably and safely as is possible

Property: 2800 sq feet, 4/3.5, 2 miles from Downtown Austin, high end finishes

Sale price: 1.6 million (negotiable)

Down payment: $320,000 (negotiable)

Rate I am offering: 5.5% (negotiable)

Please DM me for further details of the property. Ideally, I would be working with Buyers only.

Thanks again

I'm looking for a good, proven, responsive leasing agent for my property in Austin. I need the typical LTR checklist done: post MLS ad, vet applications, background check, income verification, generating lease, tracking deposits, etc.

I do *not* need property management - looking for the placement of a long term tenant only. I would like to pay the usual 60% of 1 month's rent as fee (negotiable)

Thanks

I am looking for a proven, experienced real estate attorney, to sue my lender and their mortgage servicing company for forcing me to pay over $40,000 in payments in 2023 alone, because they refused to rectify their own escrow error

I want to sue for:

1. Mental distress

2. Their refusal to address and resolve the issue

3. Them giving me the run around

4. Basic lack of accuracy in processing the transactions accurately

If you have experience in doing this, please contact me

Hi, thank you for reading this,

I have a low performing STR, on which I have incurred losses in 2023. From this Dennis Karlton video:

https://www.youtube.com/watch?v=yfz6kyw3W7k&t=692s; I've taken away that:

1. Losses on an STR can be used to offset or entirely avoid W2 taxes

2. The key is in the interpretation of the passive income rules and guidelines which define what is a REP (real estate professional), as it relates to this space.

I am looking for:

1. A Tax expert who can implement this strategy for me

2. A Real estate-informed tax outfit or CPA who can file my taxes for me - using Texas-specific Real Estate rules, to minimize my tax burden

Thanks again,

John

Hi, thank you for reading this

I am getting started in Mortgage Notes Investing and am trying to find:

1. Someone who can set up the exact LLC or entity I need, in Texas, for mortgage Notes Investing.

2. A good Texas Attorney who can review the health of the Notes that come across my desk and execute due diligence, etc.

Thanks again,

John

Hi, thank you for reading this

I have 3 rentals (none paid off, but significant equity in all 3) and very little in stocks. So, I am done with the "Buy" part. I am now trying to implement the Borrow part. 

I don't know how to do this and want to consult with - and also pay to implement - this Borrow part. I have no prior knowledge or experience of this side and could not find credible sources online.

How does this borrowing part work? Would the rentals go into a revocable trust for ex? And the borrowing would occur on the behalf of the trust via a line of credit of some sort?

Thank you,

John

I am looking for expert STR management for a high end property in Central Austin. I am looking specifically for someone who is excellent at carefully monitoring and toggling pricing with the goal of keeping the Unit as occupied as is possible.

I do have access to a few excellent cleaning crews and so I can take that on, but am also open to full service companies who have cleaning in house.

I will also consider "small footprint" operations with good references and proven expertise.

Thank you,

John