All Forum Posts by: Seth Teel

I have personally used an FHA 203K loan and found the process to be cumbersome and not intuitive. Conversely, I have done an Fannie Mae Homestyle renovation loan and the process was super easy. I found it to be a much better loan product. You may want to ask you lender about this program.

Sophomore year of College (2000), I was 20 years old.  Put together a proforma for a duplex, presented it to my father.  I showed him he'd not only save money getting me out of the dorms, but would actually make money (cash flow), if he co-signed for my loan.  I rented out the rooms on my side of the duplex, and then rented the other side as a single unit.  Two years later I bought another duplex.  This time I didn't need a co-signer.  After that, I did one or two transactions per year, adding and subtracting rentals, and occasional flips & wholetales.  In 2012 I left the corporate world, got my real estate license and began investing full-time. 

For budgeting purpose we use the following rules of thumb: Exterior Paint, Two colors (body & trim) $0.75/sf. This can change if adding more colors, if there is extensive sanding, caulking, and or wood replacement. Interior Paint, Walls, Trim, & Ceilings, we use $1.75/sf. Again, adding colors, patching, texture, etc. may increase the price. 

Come join us for our monthly Real Estate Investor MeetUp & Happy hour.

Bring your deals and come ready to network!

All are welcome.  Free to attend.

We hope to see you there.

@Adarsh Pradeep

Thanks for the quick response. I will follow up with our Admin to see where the communication breakdown occurred. Apologies for our lack of response.  Good luck in your search.

@Adarsh Pradeep

Who did you reach out to at Somos Real Estate?  We have no record (at least via email on our servers) of you ever contacting us.  We have a staff meeting this morning and I will follow up with each of my agents to see if anyone dropped the ball. We appreciate the feedback. 

cc: @Aaron Bihl @Diego G.

We always recommend Rachel Bruno @ Re/Max Unlimited to our clients.  We have had a good relationship with her for over 5 years, and their office has bilingual managers.  DM if you'd like her contact info...BP won't let me post here.

Most investors in San Antonio use Guerrero CPA.  Ed Guerrero is a real estate investor & CPA. His wife is a lawyer that also does entity formation, and they have a bookkeeping company...among other things.  Google for their info or shoot me a DM.

@Alex Petkas

We have used Janet Drewry of the Law Offices of Janet Drewry for all of our entity formation.  She has been a real estate attorney for decades.  You can google her info or DM for it; BP won't let me post contact info here.

It's not likely you will get any equity capture purchasing a new home.  Also not likely you will even meet the 1% rule with your rents.  Why are you looking at new builds?  Plenty of good housing stock in New Braunfels that can be purchased and leased gaining you instant equity, decent cash flow and better appreciation.