Join local real estate forums or groups, and participate in discussions to expand your network.Look for real estate networking events or seminars happening in Austin.

In return, the borrower usual pays a lot more in closing fees and might even get stuck with a Dutch Loan.

@Justin BrinWhen discussing taxes, we need to use correct terminology, otherwise we risk misunderstanding.There's only one kind of rental losses for tax purposes: net loss from operating a rental property.

:PFrom my experience in the mortgage note lending world, your annual yield should be closer to 20% since you are getting fees for underwriting the deal and paying off the deal.

Happy to discuss if you have any questions, feel free to reach out! 

They would like to schedule a phone call to discuss future rent.

If the third partner is not contributing money and is only operating the deal, have them charge the deal a management fee so their paid for their work.

Best of luck with your real estate endeavors, and if there's anything specific you'd like assistance with or discuss, don't hesitate to ask!

Feel free to reach out to discuss the particulars of the purchase.

Other costs include $1,100 for taxes and insurance, $580 in HOA fees, and $200 for lawn care, totaling $1,880 per month.These rental properties are situated in desirable locations, and I have enjoyed consistent long-term tenancy with minimal turnover.