All Forum Posts by: Grayson Wester

Welcome to the San Antonio market @Mark Christopher Javier! It's definitely a great place to be.

I've got a few clients that live in California and invest in San Antonio. They have a realtor here in town that they use who helps connect them with qualified and vetted contractors. They’ll help you pick a good GC, they’ll provide input on floor plan and the level of finish, and they’ll check on the job site a couple of times a week, but they’ll only act as project managers if you pay them a project management fee.

I'll send you her contact info so you can reach out.

Welcome to San Antonio @Tuan Le and thank your for your service to our country! There is a crazy amount of opportunity here in San Antonio.

If you are looking for quick deals I would encourage you to join some San Antonio investing Facebook groups as there is a ton of activity in those.

Feel free to reach out if you have any questions!

Thank you for your service to our country @Jason Lee and welcome to BP and to San Antonio! As I'm sure you've seen, San Antonio is a hot area for investing so you'll have no problem finding people to connect with. A great place to start is joining local investor Facebook groups - there are lots of wholesale deals to be had on there. Figure out what you want to do, take action and stay focused! Let me know if I can be of service to you!

@Clinton Jensen I'm a hard money lender here in Texas and we lend money to investors with LLC's all the time. You can get a traditional conventional loan through a bank for a rental property, but like you've found, they will only lend to individuals and will expect you to put 25% down.

If you are looking to do fix and flips, your best option is private money, hard money or getting set up with a line of credit through your local bank (a HELOC is an option too if you own property with enough equity).

You can always refinance out of your fix and flips into a 30 year conventional mortgage, but again, they'll want it to be in your personal name. That being said, we've got some 30 year loan products for buy and hold investors where we can lend to LLC's.

We use John Sledge and he does an amazing job. Great guy.

http://www.sledgeappraisalservices.com/

Welcome @Michael Carpenter! Jump on Facebook and search for investor groups with keywords like 'real estate investor Waco' etc. There is a ton of activity in groups like these and you'll be able to develop a flow of leads very quickly. I'd also search for 'wholesale deals' (or other similar keywords) on your local Craigslist site - you'll find plenty of deals there.

If you have the time, visit a few of your local title companies and see if any of the escrow officers can refer you to wholesalers they know. They're the one's closing all these deals and I've found them to be a great resource for information

It all depends where you are doing it and who is doing the work. The short answer is yes, you need one and whoever is acting as the GC is the one to pull it (whether that's you or a GC you hired). Some cities require mechanical contractors (plumbing, HVAC, electrical) to pull an additional permit under the master permit. Every municipality is a little different so go down to your local building department and ask a ton of questions to educate yourself.

In a large city like San Antonio, DFW, Houston or Austin many people get away without pulling permits since there's just too much geography for inspectors to keep an eye on (I am by no means encouraging this path). The caveat to that are areas that are seeing lots of development - inspectors are driving those areas daily looking for houses being renovated without permits.

As @Rick Ramirez said, it's not worth the risk to not pull permits. The cost is generally negligible and the process is ensuring the you're putting out a safe and quality product for your end buyers as well as protecting your contractors, etc.

I'd have to agree with @Jordan Moorhead. Take some time to familiarize yourself with the city as it's very diverse as far as the neighborhoods are concerned (not to mention commute times).

I would get settled in, figure out your game plan and then try to find an off market deal yourself or through a wholesaler.

Welcome back to the game, Rachel! Let me know if you're looking for leads. I've got contact with a lot of wholesalers in the area that can send them your way.

A lot of investors and larger companies use FCI (http://www.trustfci.com/StandardLoanServicing.html). They are based out of California, but service notes all over the US. There are a lot of bookkeepers that can do note servicing if you ask around.

This thread had a bunch of great info too: https://www.biggerpockets.com/forums/50/topics/827...