All Forum Posts by: Seth P.

Got it. Thanks all! Just checking under every rock as they say.

Cheers

Hi guys. Just starting reading BP's 'The Book on Tax Strategies for the Savvy Real Estate Investor'. As a real estate investor I've got a question about the owner reserve paid to the property manager when signing a new property. How would one use the reserve as a tax deduction? Sure, if I ended my business with the property manager and had no outstanding balances, I would get that money back. But for the duration of our relationship, that money is sitting in their bank account earning interest for them not me.

Is this possible? Let me know what you guys think. Thanks!

-Seth

Hey @Account Closed

Good to meet ya. I'm a new investor in the triangle area. I feel my team (realtor, lender, prop mgmt) is pretty solid. Hit me up if you want any details. I can also tell you what Lowes to stay far far away from!

-Seth

Thanks everyone, great info. I've got a pretty good list to work with.

1. AustinVestors Prop Mgmt

2. TexCen

3. Darwin's Prop Mgmt

4 Keyrenter Prop Mgmt

Cheers everyone

-Seth

Hi guys,

Does anyone know of any great residential property management in the Austin TX area?

Cheers,

-Seth

Hey @Jeremy Martin. In my opinion, dumping all your money into anything is never a good idea especially 1 property. Reason being, it's better to have more money in your pocket to reinvest elsewhere to make you even more money. Following this idea, I would put around 20-25% down and get a 30 year fixed rate mortgage and pay it off over the full 30 years instead of a 15 year loan and paying it off sooner. This is going to let you keep a lot more money in your pockets that can make money in a high yield savings and be reinvested in another property which you can rent out. You'll also have access to cash in case of emergencies and sudden family needs. Basically the Graham Stephan approach and it works for me!