All Forum Posts by: Kyle Mccaw

@Audrey Sommer 

You’ve been given some completely inaccurate information. I’m a real estate investor and the owner of a fairly large property management firm here in Texas. A significant number of my clients are from out of state, including many from Washington State and California. There are no restrictions preventing out-of-state investors from purchasing rental properties in Texas—these investors enjoy the same opportunities as Texas residents.

Additionally, the financing restrictions you mentioned don’t align with reality. Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties. If you’re interested in investing here, I’d encourage you to speak with a knowledgeable local real estate professional or lender to get accurate guidance. For financing, I recommend you reach out to @Andrew Postell

@Puneet Mahi

If you are going for the visa, I believe you have to go the franchise route. But I'm not an immigration attorney. 

Unfortunately, our meeting is more causal not a zoom kind of meeting. But if you are ever in town on the last Friday of the month, reach out.

@Puneet Mahi,

Property management can certainly be a profitable business, but it’s more complex than many people realize. It often takes living and breathing the industry around the clock for a few years before you start seeing consistent returns. I understand the appeal of the E2 visa route, and there are indeed a few franchises that cater to that niche. If you go in that direction, I highly recommend speaking with multiple franchisees from each brand before making a final decision. In fact, there may be other home service opportunities with quicker growth potential worth considering.

Additionally, be aware that in Texas you'll need a broker's license, not just a real estate license, to operate a property management business. This means you'll have to find a broker to sponsor your LLC brokerage. Many newcomers spend their first few years working under a sponsoring broker, and during that period, the broker often earns a significant portion of the revenue. It's something to keep in mind as you plan your move.

Feel free to reach out. I sponsor a monthly meetup of property managers based in DFW. The PM business has been good to me and my family. But man, I starved for years before it paid the bills.

@Cameron Moore great info. insurance is almost always overlooked when it comes to owning rental property. 

@Paul Smith Everyone has different needs. For my company we are with Appfolio and most likely will be moving to Rentvine due to flexability and API options.

 No those do not need internet. That is why I recommended those. Arlo is cell based. Rently is "triband" from their website "The central core of the Keyless system, the Tri-Band hub technology includes 4G LTE"

@Karan Shah 

@Michael McKinney is dead on. Tarrant county is so overlooked by landlord investors but it seems the list of large companies building large facilities with lots of employees on the Fort Worth side is never-ending.

@Max Amillion I am in the same boat. I really want the solid surface the hotels have. 

Maybe they have a tub version of this https://www.homedepot.com/p/American-Standard-Ovation-32-in-...

@Joel Corrales Consult your accountant.

But to me you're overthinking this. This property is being rental at a loss. It will show up on your taxes that way.

@Ryan Richmond that is a crazy one. Glad it didn't go much longer before figuring that out. It could have be the cost of a new system.