All Forum Posts by: Stone Saathoff

I'm Stone, a local wholesaler in the San Antonio, Texas and surrounding areas. 

Right now, I'm looking to expand my cash / hard money buyer list for this region.

I have worked successfully with rental buyers and flippers in the past, very familiar with all of the major strategies.

I'm with the New Western Acquisitions team here so we have access to dozens of off-market deals for you.

It doesn't matter if you're new or experienced, I can provide plenty of resources for the newer investors still needing to build up their team. (Property managers, contractors, listing agents, etc)

Also I feel I should mention you don't have to be ready to buy tomorrow just to chat and get on my list, I understand it takes time to put things in place. I'm looking to build relationships for the future that can benefit both of us.

To move forward and start working together, please reach out to me directly at (713) 305-7995, call or text is OK.

I also have an investor friendly foundation contact in the San Antonio area, he has done work, slab and pier and beam for dozens of investors I've worked with in the past. 

Please don't hesitate to reach out to me if you are in need of a foundation contact in the San Antonio, New Braunfels, or Seguin areas or surrounding areas. My contact info is in my signature.

One thing I'd like to mention is that when having different companies come out and measure the foundation, sometimes the maps and measurements they give are wildly different, which can be a little concerning. Make sure you go with a reputable company, certainly doesn't hurt as others have said to get multiple bids. My guy charges 220/per composite pier and 280/per concrete pier most of the time. 5 Year warranty is also the standard. I wouldn't suggest going with a company that has a "lifetime transferable warranty" because that usually has a million outs built in for them and you will more than likely not be able to get free repairs done in the future if something goes wrong.

Is that ARV accurate?? This looks more like a home run flip deal to me than a rental.

Purchase price + repairs = 59% of ARV, that's almost unheard of.

Hey Jonathan, if nothing else is holding you back right now, funding or anything like that, I would keep hunting and find a great deal.

For advice just be prepared, the people who are able to move the quickest usually win. Have a contractor you can work with to come give repair estimates on the spot, be able to pull accurate comps yourself or partner up with a realtor in your area and have them run comps and come up with an ARV with you. If you don't have a lender yet and you need one, line that up as well, preferably somebody who can move quickly and give you a loan terms sheet on a property in a timely manner.

It could be argued that this is an odd time to flip a house but conversely, not a lot of people have rehabs going right now, so if you get started and finish when things start returning to normal you will be one of the only available options. Less competition is quite a benefit. Best of luck to you on your investing journey.

It has to be said, the majority of investors are slowing down, especially when it comes to acquiring new properties for their investment projects.

My question is, what are you waiting for to return to business as usual? What sign or metric will tell you that it's time to start buying again?

Is lending the biggest issue? I am in the San Antonio, Texas area but answers from elsewhere are also welcome.

Have you been wanting to get started investing in real estate, or done deals already? The hardest part of it is finding the deals, that's where I can help. My team sources 60+ off market houses, multi family deals, and vacant lots per month. So regardless of your strategy I'm able to provide you the tools and properties you need to hit a home run!
For more info, to get added to my buyers list, contact me directly at the number below. There are zero costs associated with working with me. The only time you pay is when you're buying a property you like!
Cell phone # is 210-704-7602, call today!

@Michael King, Are you buying turnkey properties only or would you consider value-add deals?

Hi @Diana Pfieffer!

I don't do anything that far out on a regular basis but occasionally I do get properties out that way. Would love to work together. Thanks for your comment!

Welcome! Best of luck on your journey, San Antonio is a great place to get started.