All Forum Posts by: Nathaniel Ziomek

Why are you looking to do rehab as a new investor moving to a new city? What kind of loan are you buying with? If you are going to house hack with an FHA, it's more advantageous to you to buy almost turnkey with that unless you are doing a 203k loan to rehab. How many times have you been to where you are moving? You should get a lay of the land on neighborhoods so you know your target, but as @Dan Maciejewski said, you really need to know your money before you get going because realtors aren't going to look for you without financing in place.

Hey Spencer

Welcome to the forums, I also recently started and have my first house under contract, expecting to close by the end of April.  Good luck on your journey, there are a lot of good resources on this website.

Enrique

Quote from @Nathaniel Ziomek:

Quote from @Elias Shanaa:

Hey everyone! Excited to join and learn from this community.

We are prospective real-estate investors looking to purchase our first rental property this year! We live in Los Angeles, CA and are looking heavily at investing in Texas or Arizona. The main purposes for investing are finding the best cash flowing deals and diversifying into something more stable than the stock market.

I have the cash reserves ready and good credit, and since Texas seems to be growing rapidly, it seems like a really safe bet, but I'm not sure what kind of cap rates I can reasonably expect. From our research so far, it seems like the San Antonio area is the best bet for finding a good deal in an area without too much risk. But I'm also open to investing pretty much anywhere else where we can get the best cap rates/cash flow. I'm wondering if investing in two cities is a good strategy or not for a first timer, and especially if anyone here has recommendations for a stable city with upside/cash flow potential, and maybe a city with lots of cash flow potential and less stability. Our strategy is to buy and hold long term.

Thank you in advance for any responses, it's much appreciated, and we are looking forward to connecting with you all!

 Hey Elias,

I am also from LA, looking to invest in SA within the next several months. Are you looking to stay in LA and invest long distance or make the move out to SA?

 I will be staying in LA and hiring a property management company to do the managing for me. Eventually we want to move from California though.

@Brandon K Moore I also disagree. I just bought a $500,000 duplex in Austin and am making great cashflow, while living in one unit.

I also have another place I bought last year for $341,000. $5000 gross rents every month.

Those are both creative rental strategies like STR and monthly rentals.

We have been buying houses in Louisville and San Antonio as LTR. 27 in the last 15 months. Markets like that work better for cashflow on LTR but those LTR pale in comparison to the actual $ amounts coming in from MTR and STR for me.

Hey everyone! Excited to join and learn from this community.

We are prospective real-estate investors looking to purchase our first rental property this year! We live in Los Angeles, CA and are looking heavily at investing in Texas or Arizona. The main purposes for investing are finding the best cash flowing deals and diversifying into something more stable than the stock market.

I have the cash reserves ready and good credit, and since Texas seems to be growing rapidly, it seems like a really safe bet, but I'm not sure what kind of cap rates I can reasonably expect. From our research so far, it seems like the San Antonio area is the best bet for finding a good deal in an area without too much risk. But I'm also open to investing pretty much anywhere else where we can get the best cap rates/cash flow. I'm wondering if investing in two cities is a good strategy or not for a first timer, and especially if anyone here has recommendations for a stable city with upside/cash flow potential, and maybe a city with lots of cash flow potential and less stability. Our strategy is to buy and hold long term.

Thank you in advance for any responses, it's much appreciated, and we are looking forward to connecting with you all!

Hello all,

Just getting started actually trying to find a house hack duplex or townhome in San Antonio or surrounding areas. I live in Alaska currently but moving back and this will be my first investment. Kind of scared! Any mentors out there, I will do whatever you need to help with getting started. My future goal is to open a bed and breakfast and airbnbs!

Yesss San Antonio is booooming right now and for foreseeable future. The simple fact is....although many Tech companies aren't here (yet) there is increasingly more headquarters moving here. Hulu streaming has a call center in town, there's a big medical center, it's military city, lots of historical attractions, and rapidly growing in restaurants, entertainment, etc.

Austin is my hometown but locals are being priced out and expanding to outskirts and further than inner city.

The other thing we must consider is COVID really opened up remote opportunities so people don't necessarily have to live so close to the city or close to the office - what this does for investors is give us an opportunity to search outside of areas like the heart of SA or Heart of Austin but look to other nearby cities. New Braunfels, San Marcos, etc. have also seen tremendous growth. 

If you follow I-35 from San Antonio to Austin you'll see so much growth everywhere in between. Although competition is high, and large investment companies are buying lots of properties cash, the opportunities are plentiful. I found myself a deal that met 1% rule in San Antonio and will generate a great deal of cashflow. It was an off market deal, that's where you really have to work for deals...once they hit the MLS it's too late!!!!

Quote from @Nathaniel Ziomek:

Originally posted by @Joseph Cacciapaglia:

@Gabriel H. Gaytan I've found short-term rentals to be the most profitable here in San Antonio over the past couple of years. I've also recently started flipping vacant lots. It's tough to make traditional rentals work with the recent increases in pricing. I have a few clients that buy small multifamily, but they're happy with minimal cash flow. Ground up development seems to be a good strategy now as well. I almost finished with my first new home build. It was pretty challenging, but the end result should be pretty profitable.

Hi Joe,

 I am glad to hear that some of your clients are still able to buy and cashflow a bit with multifamily properties, even if a little. I am hearing that it is very tough to do right now with the pricing of deals on the market and the demand... Hoping to pick up a duplex or Triplex within the next year myself and make the move out.. would be happy with any kind of cash flow, especially with the way appreciation is going!

Hi Nathaniel,
I was in your same boat a few years back. I started out with a triplex in the Castle Hills area and since then have picked up 3 other properties and have 20 units currently. I actually just made the move from California to the San Antonio area to focus on investment multifamily properties and we couldn’t be happier. Please let me know if you have any questions or if I can be of any assistance.