Investing in San Antonio Texas

[Michael Jones]

Hello from San Antonio Texas. I have been in construction with my own companies all my life from development to renovations, single family homes and into major commercial building. So construction is not an issue for me but finding deals apparently is at the moment. I have been looking for SFR to flip and can't get the numbers to work with the properties that I have found or been given by (2) company wholesalers in town. Does anyone have any suggestions in finding homes to flip in a seller's market ? I would also be willing to team up with anyone that may be weak in the construction end or just looking to expand and has the ability to find deals. I am a cash buyer and have not ventured into hard money yet. I would like to have a few projects completed in town under before I ventured down that path.

Any suggestions would sincerely be appreciated.

I am looking to connect with local investors as well!

[Seth Teel]

@Michael Jones Chris pointed to the best sources in town. Unless you are going to start marketing and sourcing your deals yourself.  You mentioned none of the deals worked on paper.  I am curious as to what is your criteria for a good deal?  The days of 65% deals or $50K  3/2s in Northwest SA are behind us. Are you looking for a specific cash on cash return, a percent equity, a specific margin, or something else?    I am always curious how other investors "value" a potential deal.  This helps me better source properties for investors like yourself (and myself, for that matter).   

There are definitely good flip deals in San Antonio; the sources Chris listed are selling them every day, and their clients are making money.  A lot of it can be timing and willingness to pull the trigger.  I've found that Investors that act quickly get the best deals.  Of course the opposite can be said for different strategies. Most of my buy and hold clients move slowly, but methodically, and have built great portfolios.  

Lastly, are you working with an agent (outside of wholesalers)? The more resources you have working for you the more likely you will be to find the deal that's right for you.