All Forum Posts by: Seth Teel

@Aroldo Villarreal As a licensed Realtor and someone who bough and sold a lot of property prior to being licensed, I would suggest using a few different methods to make offers. Work with an agent for offering on MLS properties (this is required for HUD foreclosures), use wholesalers cut-out the entire offer/acceptance process, and learn to write your own offers for dealing directly with individual sellers on non-listed properties. The Texas Real Estate Commission (TREC) Residential 1-4 family Sales Contract (TREC No. 20-12) is pretty self-explanatory, although TREC and the state say it's only for use by licensed agents. That being said I have seen many non-licensed investors use it, and it's the most common contract I see.

The key to getting the best deals is using several sources and educating yourself as best you can. Both agents and wholesalers can help you with the process, other investors are quick to help as well. @Seth Williams is correct, choose the method that helps you take action the quickest.

I have not used any of these contacts myself, but my clients have. Each of these banks hold their own paper and were recomended to me for local portfolio lending.

Dan Bierstedt

Frost Banks
210-724-6052
[email protected] Bank
Vice President

Blake Halbardier

Frost Bank

210-220-5029

[email protected]

http://www.schertzbank.com

@Dusty Warner From time to time I use First American, Nefi Miramontes. They do a lot of work for investors, and since they are a national title company they have some client tools that are pretty cool to use for researching properties, loans, etc. Their marketing and business development head, Rodeana Reynolds is awesome; she is a value ad for her great costomer service.

@Chavis Atkins We have a wide range of property prices here in San Antonio. As we've seen residential real estate slowly improve, we have also seen profit margins for flippers dwindle. This means those that want to keep flipping need to purchase higher priced properties because the margins are bigger even though the percentages aren't as good. As solid of a rental market as SA is, if you have the means, buying rentals or owner-financing houses is really the way to go.

I have several residential investment properties for sale right now. These are excellent wholesale deals. Everything from cheap owner-finance houses to high-end flips. Click the link to see some of my inventory. We are picking up at least a couple more today.

Current Investment Inventory - San Antonio

A couple big other large employers: the federal government and USAA. Not to mention two major medical centers. San Antonio has also been courting several major companies to relocate (i.e. Tesla battery plant). And our multi-family occupancy rate it consistantly well above 90%.

@James Evertson You are building a new construction spec home? I'd like to hear more. I'd love to get into infill new construction in the urban core, but curious about the processes here. I have only done new construction in St. Louis. Good luck!

@Todd Curtis I use Mark Caraveo of On the Mark Appraisals. I have used him all over Bexar, Comal, & Guadalupe counties. He's great and very reasonable. Tell him I sent you.

Mark Caraveo

On the Mark Appraisals

16539 Canyon Cross

San Antonio, Texas 78232

Ph: 210.393.4414

Fax: 210.281.5773

@Krysti Sam

I can only speak for San Antonio, but if you have low cash-flow here, you are doing it wrong. This is a rental city. When I moved here from St. Louis I couldn't believe what they could charge for rents, relative to the quality of the property. My duplex here I did not get a stellar deal on, but due to it's location I can cash flow on it over $600/MO. My client's won't even look at a property if they can't guarantee $300+/mo cash-flow. There are so many flippers in SA, it's easy pickins for the rental folks. Real Estate taxes here are signifcantly higher than what I paid up north, but I also don't have property taxes (car, boat, mortocycle, etc), no income tax, and no grocery taxes. I think I still come out ahead. As for property insurance, my rates are excellent. I am not afraid to shop my rate. I have no loyalty to insurance man (or woman in my case).

Hope this helps. Good luck in your venture.

Welcome! Good luck, SA is a great place to invest in real estate.