All Forum Posts by: Tim Macy

I'd go with Med center @Hong Vu, there are still some cash flow opportunities in that area.  Rent/value ratios make Stone Oak and Alamo Heights hard to cash flow.

Welcome to BP @Sandra Juarez, I work with some clients that invest here from out of town.  The most important thing is having people you trust in the area that know what they're doing.  The market is competitive, and if you don't have good people working with you, you can get burned pretty quick.

@Mohammad Haidarasl welcome to BP!  Feel free to give me a call to chat about the different strategies you can use here in San Antonio.  This is a unique market with some unique individuals, definitely get out and network and meet as many as you can.  

Side note:  I'm not a big advocate of the real estate degree, get a degree in something that can make you a lot of money and dump it into real estate.  Almost all of the REAL real estate education takes place in the real world, not the classroom.

@Sean Gibson I just listed 7119 Hickory Grove Dr.  Could be a good fit.

Price?

@Bret Burkett You should get in touch with a real estate agent here in San Antonio and make sure the numbers they're giving you are accurate.  Get some real sold and rent comps.  If those numbers still look good, then see the property to make sure it's in the condition he says it's in.  

I'd also recommend, if you're going to wholesale it, make sure your numbers are very attractive.  Some guys are wholesaling deals at 78% down here, but those are experienced wholesalers with large buyers list.  Selling the first one can be tough, so I would look to get as low as possible and not try to skew your numbers to make a bunch of money.  Take the opportunity to build a reputation with a great buyer and put the money right back into marketing.

@Pearce Walker nice work!

You can definitely find a good rent ready home that can see some mild cash flow for 150k here in san antonio.  There are a lot of things that have original finishes that are rent ready but sit on the market because there are better houses nearby.  Find those and try to negotiate a price that makes sense.