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Updated over 5 years ago,
4 Questions (from a Newb in Texas)
Hello!
My name is Jessica I live in Austin, Texas. My area is great for fix and flips BUT I'm interested in buy and hold. I was raised in San Antonio, Texas and I want to invest there in the next 3-4 months. I am looking for a 3/2 or 3/1 single family home for <150K OR a duplex for <200K for a buy and hold investment property that meets the 1% rule. I like the idea of doing a BRRRR. Did any of you done this with your first investment property? I am just conscious about biting off more than I can chew!!
Anyway, I have a few questions and GREATLY appreciate your insight.
Here are my questions --
1. Whom do you trust to help find you good deals in San Antonio (preferably someone who understands investors)?
2. How do you run the numbers to analyze said good deal? Are you using the Bigger Pockets Calculators or doing your own thing?
3. Who do you use as a conventional lender? How quickly have they closed on a deal for you?
4. What San Antonio neighborhoods do you use for BRRRRing vs neighborhoods for fix and flips?
Thanks in advance!
Jessica