All Forum Posts by: Arissa Pedroza

@Brandon Marr Welcome to investing in San Antonio.  We have lots of great opportunities here for investing and several awesome networking meetups. 

Arissa

I have experience and you are lucky to be in this amazing market.  Flip or cash flow, this is an excellent area to be investing in.  Need facts?  Check out bestplaces.net and look at our growth, future growth, last 10 years of home appreciation and unemployment :)

Arissa

@Starr Munoz PM me 

Wholesaler here!  PM me

SA is fantastic for buy and hold :)

Arissa

You should look for a 4 plex because you can get the most bang for your buck doing that and you can do that by only putting 5% down OR using a Hard Money Lender that does a rental program for only 3 points down. I found a 4 plex for a client last week that is $122k and he the rents are $2350 a month. He plans on living in one of the units and renting the other 3 out as well as improving the property and increasing rents. We estimate an ARV of $250k when he is done and its located Downtown SA.

Your best bet is to find a 4-plex that is in an area that is currently being gentrified. San Antonio made many areas of town "Historic" and there is a lot of gentrification going on. Specific areas to look in would be Beacon Hill, Government Hill, Highland Park Estates, Denver Heights, Woodlawn Lake, etc. These area you can easily find MF properties that have a lot of deferred maintenance but would be able to compensate by fixing the property and raising the rents. I was able to procure a 4 plex for a client for $122k and the low rents he is already getting are $2150 and the ARV will be closer to $3300 once he fixes the property and raises the rents. The reason I say a 4 plex is because you can obtain a hard money loan at only 3 points down or conventional financing at 5% down anywhere from 1 to 4 units. I have access to contractors, hard money lenders that offer rental programs as well as conventional lenders that I work with both personally and professionally. PM me for details :) Arissa

I highly recommend RentWerx.  They are local and handle Property Management very well.  I was in PM for 16 years and they are the only one in town that I personally would use.

Arissa

Check out bestplaces.net.

On that site, you can search by city, zip code or neighborhood.  You want to look at key factors, such as:

- Population growth

- Unemployment rate

- Vacancy (both rental and owner occupied)

- Future job growth

- Crime

- Housing State - look at home appreciation in the last 10 and 5 years as well as the last 12 months.  

You always want these numbers to be better than the national average.  I know San Antonio has a 57th% population growth right now and those are some amazing numbers.  In addition, we have a 44% housing appreciation in the last 10 years as opposed to 11% with the national average  - basically our little town is recession proof.

There is a lot more to go into on this site, but these are some awesome factors.

Arissa

Only if you want overpriced 'wholesale deals' and want to you their mandatory HML, which has the shitiest rates I've ever seen as well as ridiculous rehab numbers... think only 15k on a full rehab lmao

If you have equity then get into an actual cash flow property.  San Antonio is an excellent cash flow market.  I have 4 pieces generating 3600 a month that I purchased for 155k.  I have an hml that will do a cash flow for as little at 3 points.  Sell the house and leverage your money for additional properties