All Forum Posts by: Nicholas Jones

Hi David, I just came across this post while looking for info on people living and working in Austin while investing in San Antonio. I am based in Austin and interested in investing in San Antonio considering how saturated Austin is at the moment. Can you give me some insights into what it has been like living in Austin and investing in SA? Would you say it is sustainable given the commute and uncertainties of a new city? Cheers! Nick

Hi All, 

Thanks so much for the feedback! This was actually my first post and I wasn't expecting anyone to reply so the response from the community is amazing.

It sounds like an appraisal isn't necessary so I will stick with the agent's comps and valuation. Just to be clear, I was considering hiring an appraiser after the house was under contract but before the deal closed. Let me know if y'all think this changes anything.

Cheers!

Hi All,

I am looking to buy a house to flip in the Austin area, and in addition to my contractor inspecting the property I am wondering if anyone thinks there is value in also having a professional real estate appraiser come to give a valuation on the house as well before we close the deal. My thinking is that the appraiser could confirm the exact market value of the house so we can know for certain if we are getting a good deal, even though it would not be required since we are not financing through a traditional mortgage. Is this a common or advisable practice for investors who are buying with cash?

Thanks for your help!