All Forum Posts by: Aaron K.

@Firen Forrest several flags on the play here

1. Under $100k all in is tough in San Antonio unless you are wanting to do condos or the really rough areas of town (and really small houses)

2. Why do you need an RE agent if you are planning on doing direct mail?

3. I'd narrow in on what you want to do with asset protection, CA is going to be your problem not TX. Basically if you are thinking LLC be prepared to pay $800 every year to the state of CA or be hunted down by the franchise tax board.

@Ashley Williams it depends on the type of property but I'd try to just re-list in this hot market, getting a permit will take time and likely require you to open the wall.

Continue to save, you want enough for your down payment and a bit of a cushion, because this is a primary residence the math doesn't matter nearly as much, pick something you like and that you can afford, if you spend less than you make you should continue to see your savings increase.  However because you've been on the job less than 2 years you may have some trouble getting preapproved by lenders.

@Evan Rodriguez what are you looking for, almost anything that is on a list you can pick from is going to be MLS and the same on all the apps, the other option is to make your own list through spending time and/ or money marketing to potential sellers.

Is the builder not allowing a stove or not allowing a gas stove? If the latter, take a page out of the book of our Texan friends and get an electric stove. If the former, can you rent without? Yes. Will it limit your tenant pool? Yes. Also make sure that your CCRs or HOA allow you to have a long term rental back there and that the thing is not limited to family of some sort.

@Nef Ojeda I would say it depends on how much contact you plan to have with the RE agent, if you want to call them every day, maybe don't plan a year out.  I'd say the best time is when you have the funds and are ready to start looking at properties and making offers.

@Brandon Fuhrman as mentioned new builds should not be used as comps for something that is 10 years old, compare your home to houses built in 2017 or older and probably not before 2007 or so.  It's like saying hotel rooms go for $100 per night, what should I rent my house for?  They are 2 different animals and should not be compared if at all possible.

It isn't a quantitative thing most of the time and actually moves pretty slowly, at the moment it is a seller's market in most places due to low inventory available, and prices increasing over the last few months.

No you probably shouldn't have your deposit be your entire down payment, in every market I've done the normal deposit is somewhere between 1% and maybe $10k-$15k max so unless you are doing FHA with a really low down payment it probably wouldn't make sense to have them add up to the down payment.

No it likely wouldn't, an appraiser would most likely avoid using builder sales because they sell at a premium because they are new construction and the builder can offer all kinds of incentives and goodies to entice buyers.  It also depends on when your home was built, if your home was built in say 2013 and these are 2020 builds you should expect to be valued less.