San Antonio Deal Generating

[Monte Mabry]

Hey BP,

I spent a good amount of time driving neighborhoods in San Antonio for buy/hold investments following several suggestions and found many neighborhoods that I really liked. Although, I still need to analyze more deals in many of these hoods. That being said, I wanted to ask the community how other San Antonio buy/hold investors are generating leads. 

Are y'all using bandit signs, yellow letters, MLS, door knocking?

Also, amount of available rentals on the market seems dense. Are you finding that your DOM are high?

Thanks in advance,

Monte

[Rick Pozos]

Hey @Monte Mabry,

I dont know why you are looking at San Antonio when Houston is where you live. You do know that things are much more involved when you go out of the city that you live in, right?? The markets are too similar NOT to make Houston your #1 target area. 

As far as scaling, you have to do direct mail, door knocking, mls, everything in BIG quantities. You have to spend 20k to 30k in monthly marketing to  GO BIG. With that kind of budget, you will be able to scale, as you mentioned that you want to do on your profile.

Spend the money and the deals will come. It is not the other way around.

I know that everyone wants to know "The Best Way" to do everything. There is no best way. There is no most money for your marketing dollar. Everyone is different, every plan is executed differently. You have to try several and see which ones you excel at. Focus more on those and drop the others.  

Some money will be wasted and that is just the way it goes. THat is just part of the business. You just have to get out there and do something, because if you do nothing you get nowhere.