Louisiana—Property Tax—Administration of tax sales of immovable property.L. 2024, S119 (Act 409), effective 01/01/2026, upon adoption of the proposed constitutional amendment at the statewide election to be held 12/07/2024, repeals numerous provisions related to tax sales and provides that the assessment of property taxes and other impositions on immovable property will constitute a lien and privilege on the property in favor of the political subdivision to which taxes and other impositions are owed.

Hi Shannon.Property Management fees do change depending on the market and service levels a company provides. 

They can help provide the capital, and you can manage the property.

You're going to want to find a local attorney to put together or provide the paperwork to make it legally binding if they do. 

I am curious if other investors create a business plan or provide other documentation to loan officers?

I've noticed the forums provide a wealth of knowledge from individuals investing in a wide variety of strategies and feel this is the best place to start.

@Kyle SimmonsYeah, 1-2% is fair, but as mentioned previously, as the seller you can ask for whatever amount that you feel comfortable with so the buyer doesn't have the urge to just walk away from the deal without having anything to lose.

There’s lots of property managers and service providers that come.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

My question is I have about $30,000 in cash that I am comfortable using, but would like to keep that and see if I can get a home equity loan (since it is paid off and I could get at least $200,000) and use that to purchase my first rental property.