Would anyone who recently purchased a property in New Braunfels be willing to share how they located the property and how they financed the deal. Can’t wait to hear from you all!
We have been converting our property in New Braunfels to a five plex the last two years. I am starting to reach out to others in the area to exchange ideas. I got a quote for a duplex from a realtor a month ago. The prices are just too high. About double I'd want to pay.
Hey Eric. I found my house in New Braunfels by sending a hand written letter to a distressed house saying that I would like to buy it. I used a private money loan to buy the house and fund the rehab. After 9 months, I was able to refinance into a 30 year mortgage at 80% LTV. I ended up with zero money in the deal and $30k of equity in the house. The permitting & inspection process for the City of NB was the biggest hurdle for me on this deal.
I recently closed on a duplex in New Braunfels, that I’m currently rehabbing. My biggest challenge is in finding good inexpensive contractors. Have you had any luck finding any?
I have a a couple that's been working for me off and on for the last few years that could help you out if you're interested.
It will be great if you can share with me some of the contractors you’ve used in the past, and that you’re happy with their work. Thanks
@Hassan Oukacha did you find a good contractor? I am interested on a duplex at NB and looking for one.