All Forum Posts by: Naz Hossain

Great market to be in! I love San Antonio. Under the radar but huge metropolitan. I have a fully renovated duplex I might consider selling on seller finance in denver heights if someone is keen. Want to focus on developments 

Wouldn’t sell a property if you can refinance and still cash flow in this market. Few things to take note, make sure the new note does not have a prepayment penalty. So if or when the rates drop, you’ll be able to Refi without forking out anything. 

The other thing you can do, if you do decide to sell, is sell it on a lease option. Get a large downpayment enough to subsidize the payoff for the current property and still cash flow on both for a few more years. 

If I were to start over again, I would wholesale starting out. When you think you have a deal and you try to sell it to a season investor in the area who knows what they are doing, they will let you know if the property you are looking at is a real deal or not. Do a few of those, and you'll be confident when you find the right deal to pull the trigger on for yourself! 

I invest heavily in the Denver Heights area! I love the history it has and the growth potential. It is high risk as some pockets are a little rough but if you look back 10 years (which is within the context of the original question) parts of San Antonio that were rough then are highly sought after now. Given that it might take more than 10 years, land is definitely limited and to me, it's worth the risk! Everyone has a different level of tolerance so decide yours and move that way. I love being close to the city and San Antonio city has so much to offer! Good luck which every way you go

San Antonio has a strong rental market with regular influx of people. You have to get creative if you want higher than usual cash flow like offering fully furnished rentals or doing STRs or providing homes to insurance agencies and such

Local credit unions and smaller banks sometimes will lend on just lots. San Antonio has quite a few of them. 

You can get good deals with seller financing/creative financing in any market essentially. Finding something on the MLS might be difficult but very possible.

I currently have a deal on a duplex that is seller financed that I wouldnt mind wholesaling. 

Here are some details: 

Top bottom duplex 

Purchase price 440k

TurnkeyDownpayment - 55k 

Both units vacant

2/1 upstairs - $1500 market rent (long term)

3/2 downstairs - $2500 market rent (long term)

Newly renovated Central AC

Separate electric meter 

1 water meter

Interest only payment for 5 years - $2567/month

Tax - $500/month (appox)

Insurance - $150/month (approx) 

Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)

ROI - 8.5%

No prepayment penalty 

If used as Airbnb, ROI can be higher

The Joint Venture (JV) route is much easier with an LLC. Everything in the LLC will be in writing and you can specify each others role in the operating agreement. I definitely would not feel comfortable in buying in someone else's LLC unless you have a promissory note/lien secured to the property somehow that will pay out half of the profits when sold

To be quite frank, you can learn everything you need from these forums or youtube. You don't need to pay anyone. I've done 1 BRRRR and transitioned to a build to rent model doing new constructions. I am on my 10th new construction door currently. If you have specific questions, feel free to DM me

You can try to get a ballpark estimate of what houses in the area have sold for. If something in the area that is a 4/2 that sold for 200K, you can do some estimation on what a 3/2 or 5/2 would sell for. Did you change the parameters? i.e. how far back you are looking, bed/bath count, lot size, sqft etc?