All Forum Posts by: Michael Mullins

I have a couple rentals in the Killeen and Cove area that I've picked up over the years. I use a local in the area, Joaquin Williams, I'll IM his information you you, he does all my repairs to all my property's. He also does all my rehabs too, he can do anything, roofing, plumbing, electrical, framing and on and on. Plus I have no issue handing him 5k down payments to start the work. 100% trustworthy human being.  

Okay, that works. Do you have a calculation to run to find out if the numbers work out. If not head over to

https://www.creativecashflow.com/ and learn everything you can from Grant Kemp. Also look up his information on youtube.com. Look for the calculation sheet called 
"wet stone". That one video is so gold, it will make you so much money. CRAZY stupid Grant doesn't charge more for his course.  

Correct primary property only, So wish they would change that. 

@Roosevelt Carter Jr 

Yes, that is the only Owner Finance / Seller Finance lawyer I'd use. I've never had a problem at all with her, I do business in Austin up to Temple/ Killeen area and we do everything offer the phone or email. Even when I do foreclosures and email her out of the blue and have 5-7 days until the foreclosure date, and she still gets everything done. $$$$$$$ If you don't have a good real estate lawyer on your side you aren't going to make it.  

If your in Texas like I am I only use Allison Tipton out of San Antonio. Her contracts will keep you out of trouble. Feel free to drop my name when you talk to her. Plus as a note servicing company I use Madison management to handle the payments and on boarding. Best $35 a month the buyer ever pays for. 

Let me know if you need anything else 

Mind you I only have done this in Travis, and Bell county. But your best beat would be to hire a lawyer to make sure you follow the laws completely. But yes you can start the process as soon as you own the property. 

DON'T NOT DO CASH FOR KEYS. Hire a lawyer so you know its done correctly and legally. 

Hello Maggie, 

We have a meet up in Copperas Cove every 1st and 3rd Thursday at the Lil Tex restaurant. Feel free to stop by its a good group of people.  

They are correct, they need the homestead to be in place. But remember you really wanting to talk to a loan officer that does Commercial property's. You attempting to take out money on a commercial property anyways. Yes it's a house, but it's a house that makes money. You need to contact local banks in that area, and ask them for the commercial side of the bank, ask them for a LOC on a rental.

Feel free to contact my guy here in Austin, he is the VP of the bank and really easy to deal with. 

Tom Alt
BancorpSouth : 5501 A Hwy 290 W. Austin, TX 78735

If you do a google search you will be able to find a phone that will lead you to him, if not just message me and I'll send it your way. Don't give up just keep calling local banks / credit unions in your area too.

@Lei Zhao

Really the dirty and clutter of the renter doesn’t matter much. But make sure the tenant has damaged anything before they show up. But yes you will need to have your PM involved because you need to give 24 notice to the tenant.