All Forum Posts by: Skylair Richter

@Seth Teel

@Will Pritchett

Thanks guys for your advice. I took a quick look at zoning in SA and that is certainly something that will need a deeper dive to understand, especially with how new I am to this. 

I've been looking a little each day just to try and get a feel for the market and it certainly does seem that find small multis that make sense is going to be hard work and take a bit of luck in SA. I'm going to keep looking for that as the ideal situation, but might need to switch to SFH. We will just see how things play out over the next several months.

I was curious though about what kind of profit you typically like to see with SFH and small multis in this area and out as far to like New Braunfels. I feel like $200 a month after all expenses are paid would be a reasonable starting point. Obviously more is better, but what do y'all feel like the minimum is?

Also, how do you go about setting your rental prices? I know I need to look at comps in that area, but I've also heard "rules" like 1% of the property value or $1 per sqft. Do those kind of rules hold up in this market? Just curious how true they are so I can figure out a quick rental estimate for properties that I look at.

Thanks,
Skylair

Good Morning Domenick,

Welcome to the community and welcome to San Antonio! Also, thank you for your service. I've lived in SA for a few years now, but like you I am new here and to real estate investing.

Welcome,

Skylair

Hello BP community!

My name is Skylair and I'm new to the community and to RE in general. I am currently a software developer, but I've been spending the past month educating myself on real estate and found this place from recommendations on YouTube and from reading Brandon Turner's book on RE Investing. RE has always been something that I've been interested in and have found fascinating, but after getting married at the end of last year, I am really starting to buckle down and educate myself so that I can help provide a better life for my family and future kids.

Right now, I'm really interested in house hacking, but will spend the next few months continuing to educate myself. Around summertime is when I will really start looking into properties as my current lease ends in November and the ideal situation would be to have a multi-family property lined up to buy around the time my lease runs out. Then I can move into one of the units in the MFH and rent out the others as an introduction to rental management.

My question to those more experienced is what are your tips or things that I should start looking into that someone new to this wouldn't think of?

Thanks,
Skylair

Hello San Antonio BP community!

I'm new to the community and to RE in general. I've been spending the past month educating myself on real estate and found this place from recommendations on YouTube and from reading Brandon Turner's book on RE Investing. RE has always been something that I've been interested in and have found fascinating, but after getting married at the end of last year, I am really starting to buckle down and educate myself so that I can help provide a better life for my family and future kids.

Right now, I'm really interested in house hacking, but will spend the next few months continuing to educate myself. Around summertime is when I will really start looking into properties as my current lease ends in November and the ideal situation would be to have a multi-family property lined up to buy around the time my lease runs out. Then I can move into one of the units in the MFH and rent out the others as an introduction to rental management.

My question to those more experienced is what are your tips or things that I should start looking into that someone new to this wouldn't think of?

Thanks,
Skylair