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Updated about 1 year ago on . Most recent reply
Pros and cons of...
1) Buying a property that is almost ready to rent and compete in your market. That is, there are likely relatively few improvements to be made.
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2) Buy a property not in as good condition (but in a good location) and invest to significantly remodel it and make it competitive.
Thank you.
Most Popular Reply
Hey Estrella!
For a first-time investor in the San Antonio market, starting with a fixer-upper that only needs cosmetic updates is a smart move. It helps ease into the process without diving into major renovations.
Now, for those with a seasoned team and a reliable contractor, going for option 2 makes perfect sense – that's where the real money-making happens! It's all about finding the right strategy for each stage of the investing game.
Lots of solid feedback on here.