All Forum Posts by: Eric Chase

@Rick Pozos

Thanks for your thoughts. Your point about calculating costs is well taken. I started in SATX and didn’t do that as well as I now know how to. However, we now own one of those houses free and clear, and even with that, I have a hard time stomaching the gigantic yearly tax bill! Im having a hard time thinking of a reason to keep that equity tied up when it could be working so much harder in a better market. But that’s why I’ve got BP to make sure I’m not missing something!

Cheers!

Eric

Converse and Selma

Hi @Aaron Bihl,

Thanks for reaching out. I went down that road, but when I look at comps, I'm actually paying LESS than what they suggest I should be!  Crazy train!

San Antonio Buy & Hold Investors,

I'm interested in perspectives on the phenomenally high San Antonio property tax. I have two SFR properties in the NE area in B+/A- neighborhoods and I'm forking out about $10K per year in tax between the two. I'm thinking of selling and putting that equity to work in another market where property tax is reasonable and cash flow would be much better (not as interested in appreciation, which I understand is good in SATX right now).

Convince me that I’m completely right and should do this ASAP.

OR...

Convince me that I’d be making a terrible mistake!

Cheers!

Eric

@Kiera Underwood Above is property tax. Insurance harder to say. It would depend on your risk tolerance and several other factors. 

@Kiera Underwood

For 2019, I’ve got one property that will be 2.39% and another that will be 2.71%. Crazy train.

@Ali Boone

I’m with you, Ali. I will almost certainly sell my San Antonio properties once the current tenants move out, then move that equity to another market. Tax and insurance is crushing in SATX.

Cheers!

Eric

Fellow BPers!

I'm glad I found this thread! I'm also looking to switch insurers. I currently have two investment properties in San Antonio and the Air Force is reassigning me there again this summer so also looking for a policy for a primary residence I intend to buy.

Cheers!

Eric

Greetings BP,

Does anyone have experience with a detail oriented inspector in San Antonio who doesn’t miss a thing? I’ve used BPG in the past and have been satisfied, but I’d be remiss if I weren’t always looking to improve! Anyone have any thoughts? I’d actually be living in this property. Appreciate your thoughts!

Cheers!

Eric

@Kris L. I'm also a military guy and had a comparable experience with a PM that I ultimately fired in SATX last summer. I'm very interested in whether we are talking about the same woman. Please PM me as I'd like to see if it's her and, if not, who I should be sure to avoid in the future.