Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

89
Posts
23
Votes
Daniel Cuevas
  • Van Nuys, CA
23
Votes |
89
Posts

First time investor looking out of state.

Daniel Cuevas
  • Van Nuys, CA
Posted

I am looking to purchase my first investment property out of state in San Antonio, Tx. I live in southern California and I will be getting deployed pretty soon so time is a factor and I will have to hire a management company in order to service the property. Don't have much in regards to funds so I am looking at a condo around $100k outside of San Antonio. I have the funds to purchase the property and still be able to live. Any tips or recommendations?

Most Popular Reply

User Stats

6,500
Posts
3,173
Votes
Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
3,173
Votes |
6,500
Posts
Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

Have you run the numbers on those condos? Usually condo fees will knock out cash flow. Any reason for San Antonio in particular?

My bigger picture caution is just... be careful rushing a purchase if you don't already have everything researched and teams in place. You could jump the gun and get yourself in trouble.

Loading replies...