All Forum Posts by: Nathan Williams

Hey All!

I'm new to posting to the forums here. I am a newer investor living in Austin. I have done 6 deals in the past 2 years in Austin (4 flips, 2 buy and hold). As you are aware, the flip market has its opportunities and challenges. Low DOM and related seller advantages vs. extremely low inventory and crazy competition on the front side. Unless you are a cash or hard money buyer you could be facing a lot of difficulty. 

That being said, I wanted to explore the San Antonio market. From my research on the forums, San Antonio has been described as a "tricky" market. My understanding is that flipping can be difficult (higher DOM, low ROI etc.) but the cash flow for rentals is favorable. I have also read a lot about Section 8 strategies.

My questions to the community are:

1. Is my understanding correct with regard to flipping in SA? If I were to flip, which neighborhoods are in demand, or heating up? Surely there are some rough areas in SA. But the East Side of Austin was also very bad at one point. I'm curious to know the up and coming areas.

2. Regarding Buy and Hold / Rentals. Which neighborhoods do you prefer? I'm looking at more favorable tax areas, lower crime, decent schools, etc.

I will be touring San Antonio this Friday with a wholesaler. Hoping to educate myself further!

Thanks for your time!

Nathan

Hi all-

I'm new to BP and this is my first post, hopefully I am in the right forum. I am currently on my 4th flip. I have been doing them one at a time, because I am using my own cash to purchase the property and fund the renovations. This works great for one house at at a time, but is posing a challenge for shorter term scalability.

What are your thoughts on using a line of credit at a local credit union for this? My understanding is that the loan should be secured by either cash or a property, in order for the loan to be more realistic. Does anyone have an opinion with this strategy vs using hard money from a wholesale company for example?

I should note that in Austin, simply applying for a loan will not cut it. I need to have cash available due to the competition. 

Any creative advice? For example, secure the line of credit backed by a property I currently own (even though it will be sold before the loan expires)?

Thanks!!

Nathan