Building a 4-Plex In San Antonio, TX
San Antonio investor community: I am a new SA investor and need some advice. I bought my first SA property located at 147 Livingston (Harlendale) that sits on a 8000 sqft lot as rental/owner finance, my sweetspot. Long story short, its a lemon as the foundation is unrepairable. My options are to: (a). sell off as land and take loss, (b). build a single family, (c). build a 4-plex. I am inclined to explore option (c).
Questions to the community as I dont have construction experience.
1). Any investor out there experienced with building 4-plexes in SA that's willing to walk me through the process?
2). I am specifically looking at speaking with folks that have:
- Architect/permits experience (specifically know good 4-plex architects)
- 4-plex construction experience as investor
- Construction banking experience (I have a commercial loan but never dealt with construction before)
- Property mgmt: experienced with managing 4-plexes specifically.
I appreciate any guidance the community can give me. In parallel, I am getting comps to better understand the revenue potential for 2/3/4 doors by configuration (1/1, 2/1, 2/2) to better understand yields.
Thanks, Ash Mathradas.