Hello again!! New investors looking to (re)start

[Elias Shanaa]

Hello again!! I'm back after 2 years of inactivity. I ended up deciding to wait as I felt property prices were too high, but with the correction currently happening, I think it's a good time to jump back in.

My target markets are San Antonio and Austin, TX. I have some contacts in Austin, but not in SA, and plan to visit before the end of the year! The plan is to eventually have cash-flowing properties in both cities, but I'd like to start with something small to learn the ins and outs and develop a team. I'd also like to keep some reserve funds in case of a deeper correction so I can invest in a second property.

I'm not sure how much cross-over there is between agents/contractors/PMs that work in both cities, but creating a team that can cover both areas would be ideal. I know that San Antonio will have better cash-flowing properties, but I'm also open to Austin if I can find a good deal. If I had to guess though, I will most likely start in San Antonio since it's got an abundance of cheap single/multi unit homes.

I also need to find a lender. I'm not sure the best way to go about that for out of state purchases. Does it matter who I use for that? The way I learned was to get quotes from different lenders until they stop going lower than the previous one, but wanted to get your thoughts on it too!

Thanks to all those who contacted me before my hiatus, I am happy to keep working with you. Please send me a PM if you're still around!

@Jennifer Boubel

@Sherri Stokes

@Loren Polito

[Evan Hopple]

@Elias Shanaa 

I invest in Columbus RE, huge growth to come from recent additions to the tech sector (google, intel, amazon, honda, and many start ups). Low taxes and landlord friendly. Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. It's still pretty early to get in