All Forum Posts by: Anissa Olivares
Anissa Olivares has started 2 posts and replied 25 times.
Post: QOTW: What are your "hard pass" items when evaluating real estate
- San Antonio, TX
- Posts 25
- Votes 10
Quote from @Troy Albers:
If it’s for a property I’m looking to hold and rent out for a long time, I’ll generally pass on homes with pools. They tend to be a pain in the a$$.
THIS!! I've heard this for multiple reasons especially if investors are buying to hold.
Post: QOTW: What are your "hard pass" items when evaluating real estate
- San Antonio, TX
- Posts 25
- Votes 10
Quote from @Dong Yan:
I was just about to post a question, I am facing the same questions right now.
If it is the rental properties the side yard facing the major street is the deal breaker or no? The property itself is perfect with nice layout and reasonable price and huge back lot . the only issue is the side yard facing the major street, shall I submit the offer or pass?
STella
From experience the only time this would be an issue is when a family is looking at a home. I'm not sure what this property will be used for however I don't feel that being next to a major street has ever stopped anyone from living in a home or renting. Good luck !
Post: QOTW: What are your "hard pass" items when evaluating real estate
- San Antonio, TX
- Posts 25
- Votes 10
Quote from @Sean Ross:
Saw a SFH with 87 windows.
That would be a hard pass from me!
That would be a hard pass for me too!!! :) lol
Post: QOTW: What are your "hard pass" items when evaluating real estate
- San Antonio, TX
- Posts 25
- Votes 10
NEW INVESTORS it is very important to share your wants, needs and what you don't want when it comes to purchasing your assets. I always ask my investors what their "hard passes" are. It is pointless and a waste of time to send out potential purchases if they have "hard passes" attached to them. Don't feel bad or picky there is always a way to tailor the purchasing process. There are constant deals revolving in and out of pipelines. Its your money use it how you want :)
Quote from @Gregory Murphy:
Thanks for the info Robert! I decided to stay away from the east side of San Antonio, I wanted to target the NE part of San Antonio due to it being closer in proximity to New Braunfels and Austin. I am hoping the appreciation we are seeing in those markets will start to flood into the NE part of San Antonio in the near future. I am currently in escrow on a property in close Proximity to Randolph AFB, it has great value add potential and is a good potential STR or even long term rental since rents have been rising pretty rapidly in that area.
Congratulations on your real estate journey here in SA! You are right about rental here, the market for rentals is at 60% compared to owning. Don't steer to far away from the E-side however NE it is one of the fastest growing areas here as well. The east side may not be right for you now but definitely a growing space with huge gains. Good luck!!