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Updated about 1 year ago on . Most recent reply

User Stats

110
Posts
50
Votes
Estrella Carolina Mckinney
  • Investor
50
Votes |
110
Posts

Pros and cons of...

Estrella Carolina Mckinney
  • Investor
Posted

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.

O

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

User Stats

33
Posts
17
Votes
Natalie Godoy
  • Real Estate Agent
  • San Antonio, TX
17
Votes |
33
Posts
Natalie Godoy
  • Real Estate Agent
  • San Antonio, TX
Replied

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. 

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