All Forum Posts by: Lisa Choi
Lisa Choi has started 7 posts and replied 86 times.
Post: Who are great realtors or wholesalers in Fort Worth?

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hi Penny!
You’re such a great friend for posting this on her behalf—love seeing that kind of support in the investor community!
I’m a fellow Realtor based in San Antonio with New Western, one of the largest investment-focused brokerages in the country, with nearly 50 offices nationwide. We’ve been around since 2008, and our Fort Worth team is one of the strongest in the company—tons of deal flow and some of our top-performing agents are based there.
If your friend is open to getting licensed, I can’t recommend New Western enough. She’ll have access to vetted contractors, property managers, and investor-friendly lenders, plus a supportive team environment to help her hit the ground running.
Happy to coordinate a visit or intro to the Fort Worth office if that would be helpful—just let me know!
Best,
Post: New Investor (From California!) Looking for Advice on Out-of-State Rental Investing

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hi Shyla—welcome to the community, and congrats on taking action! Your mindset and preparation already put you ahead of the curve.
I’m an agent based in San Antonio, Texas, and I work specifically with investors—many of whom are out-of-state and in the exact position you’re in now. You're absolutely right: buying out of state can feel overwhelming at first, but with the right team and systems in place, it becomes very manageable (and exciting!).
Here are a few thoughts based on what you shared:
1. Choosing a Market:
Look for markets with strong rental demand, landlord-friendly laws, and solid job/population growth. It’s not just about affordability—it’s about cash flow and stability. San Antonio, for example, has been a great fit for many of my out-of-state clients for those reasons.
2. Building Your Team:
This is where having a trustworthy investor-friendly agent matters. A good local agent can often connect you with vetted property managers, contractors, lenders, and other boots-on-the-ground pros. Many of my clients rely heavily on those connections—especially in the beginning.
3. Common Early Mistakes:
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Skipping a detailed rehab/inspection plan
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Underestimating property management challenges
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Not setting clear goals (e.g., cash flow vs. appreciation)
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Trying to DIY too much remotely instead of trusting your team
4. Encouragement:
Almost every successful out-of-state investor I know started with the same hesitation. But once they got that first property under their belt and saw the systems working, their confidence skyrocketed. You’ve already laid a solid foundation—you just need to match that with the right market and team.
Feel free to DM me if Texas ends up on your radar—I’m always happy to share insights and help you get your footing.
You’ve got this. Keep going!
Post: I'm new but eager

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hey Garrick, welcome to the investing world—and props to you for coming in with a clear vision, solid groundwork, and an admirable "why." You're already ahead of the curve with the books you've read, your financial prep, and your analytical mindset. That engineering background will serve you well.
Here are a few thoughts based on your questions:
1. Remote Market Analysis Tools:
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PropStream is helpful for pulling lists, comps, and ownership data.
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RentCast is great for rental estimates and tracking rent trends.
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City-Data, BestPlaces.net, and Niche.com give solid demographic and neighborhood-level info.
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Google Street View and local Facebook investor groups can also provide boots-on-the-ground insights in areas you're considering.
2. Starting While Working Full-Time:
It’s 100% doable—I work with a lot of investors who juggle W-2 jobs and investing. The key is building a reliable local team. Focus on one market initially and build strong relationships with a trustworthy agent, contractor, and property manager. Delegating well will be your lifeline.
3. Evaluating Small Multifamily / Distressed Properties:
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Always underwrite conservatively. Use worst-case rents, high vacancy estimates, and realistic rehab costs.
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Smaller multifamily = economies of scale but also shared systems—make sure plumbing, electrical, and roofs are solid or budget accordingly.
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Distressed properties can be goldmines if you have the right GC and exit strategy.
4. Mistakes to Avoid on Your First Deal:
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Don’t skip on due diligence (permits, comps, title issues).
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Avoid overestimating ARV or underestimating holding/rehab costs.
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Make sure your lender (especially hard money) is vetted—read every line of the term sheet.
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Always have more reserves than you think you’ll need.
5. Montana / Western U.S. Insights:
I'm based in Texas, but I do work with out-of-state investors frequently. Western markets can be tight on cash flow but strong on appreciation. If you're open to other regions, there may be stronger ROI opportunities depending on your strategy.
If you’re ever considering Central Texas or want to talk through strategy, I’d be happy to connect. No pitch—just here to help if I can.
Keep taking intentional steps like you are now, and you’ll be well on your way.
Post: Inherited Duplex Listed at $460K—Comps at $350K. How to Negotiate?

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Quote from @Lisa Choi:
It’s great that you’re already house hacking and have a potential deal right on your street—definitely a unique advantage.
Given that the asking price is significantly above the most recent comp, I’d approach it from a place of understanding but with clear market-based reasoning. You could say something like:
This shows you're serious, informed, and respectful, while setting expectations around value. If they’re emotionally tied to the property or assuming it’s worth more because of sentiment, your tone helps shift the conversation back to objective valuation.
Also—if they haven’t gotten an appraisal yet, this might nudge them to get a reality check from a third party. You’re not dismissing them, just grounding the conversation in facts.
Not sure why the most important part of my comment doesn't show on the post! 😅
Here is my suggestion:
“Thanks so much for reaching out to us directly—it means a lot, especially since we already live on the street. We saw that a very similar duplex sold recently for $350K, which feels more in line with the current market. Given the updates needed on the first floor, $460K would be tough for us to justify. We’d be comfortable in the $XXX–$XXX range based on what’s selling nearby and the rental income potential. We’d love to keep the property in the neighborhood and are open to a conversation if that’s something the family would consider.”
Post: Buying a property with no financing contingency.

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hi Rogelio,
Welcome to San Antonio investing—and great job asking these questions upfront.
Yes, it's actually very common here for sellers (especially investors, wholesalers, and agents listing “as-is” properties) to reject financing addendums. Most off-market and investor-focused deals are expected to close with either cash or hard money, and traditional financing just isn’t competitive in that space.
Even with a hard money preapproval, sellers can still be cautious. That’s because deals can fall through if the lender backs out late due to appraisal issues, repair budgets, or title concerns. In fact, we’ve stopped working with certain hard money lenders for this exact reason—they looked good on paper but couldn’t consistently close. That’s why vetting your lender is just as important as finding the right deal.
At my brokerage, we only accept cash or vetted hard money—no traditional financing. Before accepting an earnest deposit or contract, we make sure the lender is solid, understands the deal structure, and can close on time. That extra step helps protect everyone involved.
To minimize your risk of losing EMD:
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Work only with proven hard money lenders who have a track record of closing quickly and reliably in San Antonio.
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Communicate with the seller or wholesaler about your lender upfront, so they know your financing is strong.
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Avoid adding financing contingencies if you’re confident in your lender and the numbers—most sellers interpret that as a red flag.
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Make sure your lender is looped in early on the property, rehab scope, and timeline before submitting offers.
If you’d like, I’m happy to connect you with a few trusted local lenders we work with regularly. They know the San Antonio market and what sellers here expect.
Best of luck on your first deals—and feel free to reach out if I can help in any way!
Best,
Post: search realtors, contractor and properties managments

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hey Juan Carlos,
Welcome! I’m a local agent and investor-focused realtor here in San Antonio. I work with buyers looking for both single family and small multifamily deals—especially off-market opportunities. I also have a solid network of contractors, handymen, and property managers who can help with renovations and leasing once you close.
Happy to connect and learn more about what you’re looking for (budget, preferred areas, rental goals, etc.). Feel free to DM me or drop your contact and I’ll reach out.
Looking forward to helping you get started in San Antonio!
Post: Inherited Duplex Listed at $460K—Comps at $350K. How to Negotiate?

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
It’s great that you’re already house hacking and have a potential deal right on your street—definitely a unique advantage.
Given that the asking price is significantly above the most recent comp, I’d approach it from a place of understanding but with clear market-based reasoning. You could say something like:
This shows you're serious, informed, and respectful, while setting expectations around value. If they’re emotionally tied to the property or assuming it’s worth more because of sentiment, your tone helps shift the conversation back to objective valuation.
Also—if they haven’t gotten an appraisal yet, this might nudge them to get a reality check from a third party. You’re not dismissing them, just grounding the conversation in facts.
Post: looking for opportunities in San Antonio

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Welcome to BiggerPockets and the San Antonio market, Amir! It’s been great connecting with you—excited to get things moving and support your goals here in Texas.
Post: Investors and Real Estate Agents of San Antonio

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hey Ezekiel,
I’m a local agent in San Antonio and work specifically with investors—would love to connect and be a resource as you explore the market.
For multi-family and long-term rentals, some solid areas to explore are:
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78201 (Beacon Hill/Alta Vista) – great appreciation and strong rental demand
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78207 and 78210 – more value-add opportunities and older housing stock
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Converse, Kirby, and parts of 78244/78233 – strong cashflow potential and good tenant base
For short-term rentals, neighborhoods closer to downtown like Denver Heights, Dignowity Hill, Tobin Hill, and even Southtown tend to perform well (plenty of other zip codes to consider for STRs and LTRs).
I also work closely with property managers and can loop you in with trusted vendors and contractors.
Shoot me a message if you want to hop on a quick call or get set up with some active deals!
Best,
Post: Neighborhood in San Antonio TX

- Real Estate Agent
- San Antonio
- Posts 97
- Votes 42
Hi Kfir,
Welcome to the San Antonio market—great choice for long-term investing!
With your budget of $200K–$300K and your focus on good schools, low crime, and strong neighborhoods, here are a few solid areas to consider:
1. Alamo Ranch / Northwest Side
One of the fastest-growing areas in San Antonio. Good schools (NISD), newer builds, strong retail presence, and high rental demand.
2. Helotes
Technically a suburb but still close to the city. Quiet, family-friendly, with solid appreciation and highly rated schools.
3. Northeast Side
Covers neighborhoods around the NEISD district—like Northern Converse, Live Oak, and parts of Universal City. Well-rated schools, stable communities, and proximity to military bases make this area great for both appreciation and rental income.
4. Stone Oak / North Central
More established and slightly higher priced, but great schools, strong appreciation, and low crime. Very desirable for families and long-term tenants.
Let me know if you’d like agent recommendations, recent comps, or investor-friendly property leads in any of these areas. I work with several out-of-state and first-time investors and would be happy to help.