Im looking at buying a rental property in/around Universal City. Are there any special texas laws?

Illiterate101
Home Buyer
Universal City, TX

I've heard something about having to live in a house for a year before renting, is this true or are there any other laws I need to consider? I am a Minnesota resident but would probably change my residency to TX if I do this if it makes any difference.

Answers (1)
Dominick Dina,...
Broker
San Antonio, TX
FIRST ANSWER

Good morning,

Universal City is a good location on the northeast side of San Antonio. Many military rentals are there already.

Absentess landlords abound here in Texas. Many folks buy Texas properties due to the lower costs (we did not go crazy with prices like some did) and the return on investment (ROI).

You can purchase as many properties as you can afford. DO NOT believe you are going to get rich doing so. The value is in the tax shelter provided (talk with a CPA) or the leverage to borrow more money.

If you would like to discuss at length, please feel free to contact me at any time: (210) 273-9082.

Good luck

Dominick Dina, Broker/Owner
Christian Realty San ANtonio

Fri Jul 10 2009, 06:52

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