All Forum Posts by: Eliott Elias

Most property managers charge anywhere from 10 to 12% of total rents. 

You get them to sign lien waiver forms. Any real estate attorney can draft this, or you can find a generic form online.

This is a question for your broker or attorney.

In either case, I would disclose that I am related.

I will never self manage again. I realized the value a property manager brings when I was in a tenant dilemma where the tenants were baiting me to say something out of pocket, and use it in court against me. Granted, not all tenants are going to do this. But if you are not well-versed with landlord tenant laws, you are automatically at a disadvantage.

This is where property managers can help.

These may also be prone to be the fastest falling markets as well.
I do not see Austin Texas on this list.

Do you work the Amarillo market? I may have a deal I need your help with sir. 

Why do you want to bundle both properties in one loan? Make this simple and get two separate loans. 

There are lenders who do portfolio loans, but each have minimum requirements that may far exceed two properties.

This depends on the lenders rules and regulations, and if the lender giving the down payment is going to put a lien on the property. There are some lenders that explicitly state that they are the only lien allowed on the property.

There are only a few things you can negotiate here. Purchase price, interest-rate, down payment, monthly payments, & the handling of escrow.
Once all those are settled, you will write up a contract and open title to ensure it closes with title insurance.

Most realtors do not market the loan as assumable because 1. They do not know or 2. They do not think it will be desirable for buyers.

What you should be looking for are subject to opportunities. You can take over as many loans as you want without reaching a threshold.