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All Forum Posts by: Eliott Elias

Eliott Elias has started 12 posts and replied 9587 times.

Post: Utilities and maintenance

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

In terms of utilities, you are going to have to be competitive with your competition. If everyone else is billing utilities to the landlord, why would tenants rent from you? If this is not a norm, add separate meters to each unit. This can get costly.

Post: New To Being a Landlord, What steps should I do next?

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

If you are buying property in the hood, this comes with the territory. Have your contractors pack up all their material and anything that can be stolen at the end of each day. You should be expecting petty things like this. 

Post: What r seller credits

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

It is another way of requesting 6% of the purchase price to be paid for by the sellers to be applied towards your closing costs.

Post: Way to but house i want

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

Why do you want to take on a project with an extensive rehab? Take on a project that makes sense numerically, no matter how much rehab it needs.

Your best bet is to use hard money for a project of that magnitude. They are asset based and you will be able to receive lending on the majority of the funds. Sometimes up to 90% loan to cost. 

Post: Looking to Learn from Wholesalers in Austin, TX (Lunch included!)

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

There are many real estate investors and wholesalers in Austin doing amazing things. I started out wholesaling, and am happy to connect.

Post: Advice on pulling accurate lists for reaching sellers

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

This is the nature of the business, you are not doing anything wrong from what I am seeing. Most phone numbers you get are incorrect, most people you talk to are going to be wrong numbers. There are skip tracers that are more accurate than others, I use batch skip tracer.

If you want more quality leads, I would transition more towards inbound campaigns, such as pay per click.

Post: Realtor from Dubai

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

I may be interested in investing in Dubai. Please schedule a call with me from my profile.

Post: General neighborhood Info

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

I do not know anything about your market. But I will leave you with this, drive the neighborhood at night. You will see what it really looks like.

Each step can become a 15 page tutorial. I hope no one is using this to actually purchase property subject to.

Post: Newbie Landlord Looking For Step By Step Advice On Finding A Quality Tenant

Eliott EliasPosted
  • Investor
  • Austin, TX
  • Posts 9,861
  • Votes 5,557

Step one: hire a property manager

Step two: hire a property manager

Step three: hire a property manager