All Forum Posts by: Heath Shepard

 Hi Kaci! I've owned it for three years and it's an SFD. 

Deitra! Thanks for the resource!  I will give them a call.  Thanks again!

Hi there everyone!

I am having such a hard time getting my money out of a house that I paid cash for. I looked at getting a HELOC but apparently, I can if it's not my primary residence. I can't seem to find a bank that will do a cash out refi because it's an investment property. Do y'all know if any banks that would be able to help me? Preferable one that has great rates!

Thanks, 

Hi there @Sariel Fu,

I am a real estate agent in the San Antonio- New Braunfels area and you are correct that interest rates are going up, but this presents some great opportunities!  The competition has decreased! Houses are staying on the market longer and there are more price reductions.  It seems like it's only going to get better for us real estate investors.  This is what I see anyway...  We are entering a time when it is going to be a good time to buy and at a good deal.  My plan is to start buying in a big way and then refi when rates go back down.  Do that math and see how much more you are going to pay at this new interest rate vs what it was over the course of the next, say, 5 years.  Look at how much equity you would have built during that same time.  I think you will see that you are still making a good chunk of money.  Yes, there will be a little less, but I think the math will show you what you need to do.  I haven't even spoked to appreciation and San Antonio is doing very well in terms of appreciation.  Take a look at this article and do your own research.

San Antonio Real Estate Market: Prices | Trends | Forecast 2021-2022 (noradarealestate.com)

Best of luck and let me know if I can help.

Hey all! I have a duplex in San Antonio and I want to add two additional units onto it. It's already zoned 1-4 so no rezoning necessary. My issue is that I can't find any contractors that I trust enough to take in the project. I'm looking for a good contractor that shows up when he/she says they will. I hope they are still out there. Any suggestions?

Thanks in advance.

I am trying to establish a whole seller network in the San Antonio market.  If you, or anyone you know, is a whole seller could you please let me know?

Thanks,

Heath Shepard,

Phyllis Browning Company

Hi y'all! I am looking to get into the STR market but honestly, I don't have the time to manage the property myself. I am looking for a couple suggestions of property managers that will manage STR's. I would love to hear your suggestions.

hanks in advance!