New Real Estate Investor in San Antonio, TX

New Real Estate Investor in San Antonio, TX

San Antonio, TX · Member since 2018 · 10 posts · 1 vote

Hello everyone!

My name is Tom and my wife is Tuyen. We are aspiring real estate investors who recently moved to San Antonio, TX. In the midst of moving, we also purchased our first home and have caught the real estate bug ever since! We came across BiggerPockets through a friend and have been educating ourselves on all things related to RE through the podcast, books, and networking with other local investors. We are very excited to be a part of this positive and vibrant community!

At this time, we are interested in learning more about wholesaling in the San Antonio market. We hope to build this skill set of finding great discounted deals while providing timely, efficient, and genuine value to those we work with.  Our goal is to help assist motivated sellers in resolving their problems and getting them taken care of by connecting them with genuine investors/buyers.

On a separate note, we are also interested in investing long-term in the DFW market with our good friend and business partner, Minh, who lives in Dallas. To start, our goal is to invest in at least one MFH in 2019.

During the day, I work as an Environmental Science/Engineering Officer for the U.S. Army and my wife works as a nurse.

We are interested in connecting with like-minded investors as well as those who are looking to mentor highly motivated individuals.

It's great to meet everyone here and we look forward to connecting with you all! Thanks for your time.

Tom + Tuyen

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Real Estate Agent · Member since 2018 · 16 posts · 6 votes
7y

Welcome to BP @Tuan Le, 

I'd love to help provide you both with information regarding the market here in San Antonio. With the growth of development increasing around the city, it's important to take note of the many opportunities in real estate investing popping up. Also, I know of a brokerage in DFW that would be glad to help with your long-term investment plan. Feel free to give me a shout, I'd love to discuss further. 

Pablo Menchaca, LREA#710621 

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  • Retirement Accounts Attorney · Southfield, MI · Member since 2017 · 3k+ posts · 1k+ votes
    7y

    @Tuan Le

    Welcome to BP.

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    7y

    Welcome to the BP family @Tuan Le ! Glad you joined the best real estate investing website!

     Here are some recommendations for you:

    Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best! 

  • Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
    7y

    Hey @Tuan Le, 

    If you need any help or have questions, please feel free to give me a call. All my information, including my phone number is on my profile.

  • Real Estate Agent · Member since 2018 · 16 posts · 6 votes
    7y

    Welcome to BP @Tuan Le, 

    I'd love to help provide you both with information regarding the market here in San Antonio. With the growth of development increasing around the city, it's important to take note of the many opportunities in real estate investing popping up. Also, I know of a brokerage in DFW that would be glad to help with your long-term investment plan. Feel free to give me a shout, I'd love to discuss further. 

    Pablo Menchaca, LREA#710621 

  • Lender · San Antonio, TX · Member since 2018 · 109 posts · 108 votes
    7y

    Welcome to San Antonio @Tuan Le and thank your for your service to our country! There is a crazy amount of opportunity here in San Antonio.

    If you are looking for quick deals I would encourage you to join some San Antonio investing Facebook groups as there is a ton of activity in those.

    Feel free to reach out if you have any questions!

  • Real Estate Agent · San Antonio, TX · Member since 2017 · 523 posts · 362 votes
    7y

    @Tuan Le Welcome to BP my friend and welcome to San Antonio! You moved to a great city and an amazing real estate market so consider yourself fortunate. I don't know where the idea of wholesaling came from, or who influenced you to go that direction, but be careful my friend! It certainly is not easy, and is in no way shape or form a get rich quick scheme. It is a job and takes lots of patience, time and energy. It is very manageable and feasible to do on the side as a "part time" job after your 9-5 or regular job. I would certainly not quit either of your jobs to go into it full time, because it does take a while to get the ball rolling. I don't know where the idea of it came from that it is this amazing opportunity for newbies, or people getting started, but it makes me sad because many quit and give up on real estate when it doesn't work out for them. Wholesaling is only one aspect and is a very small part of it to be honest. Don't let that quitter be you! Continue to learn, read and network. Ask others for their opinion and what they would do if they were you. Just be careful because many people prey on new investors and will try and sell you some course, or mentoring program. You definitely need to be in all the real estate groups on Facebook and start going to Real estate meetups! Those are great ways to network and figure out what the culture of real estate is here, and how you can fit in and find your niche. I wish you the best of luck my friend and hope to see you around town closing deals!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    @George Blower, thanks for the warm welcome!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    @Dmitriy Fomichenko , thanks for the warm welcome and for sharing helpful tips/techniques to better integrating into this forum and community. I appreciate it!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    Hi @Rick Pozos,

    I appreciate your sincerity and offer to assist my wife and I learn more about real estate. I'll reach out to you shortly. Thanks again!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    Thanks for warm welcome, @Pablo Menchaca !

    I appreciate the offer as well as learn more about you and your investment career. I will kindly reach out. Have a blessed day!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    Hi @Michael Guzik. I appreciate you sharing your insight on real estate and the wholesaling component. I understand there are mixed opinions on wholesaling -- but I personally find it fascinating. To me, learning how to find leads, assessing a property, and negotiating the deal is fundamental in real estate. The wholesale aspect is a fairly low risk for me at this time but will really accelerate our trajectory when learning these fundamentals. Would love to learn more about what you do while we're both here in SA. Let me know if you would like to link up in person!

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    Thanks for the warm welcome, @Grayson Wester . Thank you for your support! I've been hearing great things even before stepping foot into this city. I'm truly excited.

    Thanks for the recommendation -- since joining, I can see the crazy activity that's been occurring in this market. All good signs.

    Would love to learn more about you and how you got into this space. Thanks again.

  • Specialist · Little Rock, AR · Member since 2018 · 148 posts · 71 votes
    7y

    Welcome @Tuan Le. My wife and I are investors, but in Arkansas. How is it in DFW? I come through that area occasionally on business. 

  • San Antonio, TX · Member since 2018 · 10 posts · 1 vote
    7y

    Thanks for the welcome, @Adam Mittermeier . That's awesome. Do you guys invest long distance? If so, where at? DFW is a hot market with a number of competitors. Great opportunities are everywhere though.

  • Real Estate Agent · Falls Church · Member since 2012 · 2k+ posts · 1k+ votes
    7y

    Hello! @Tuan Le

    Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

    I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

    First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

    https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

    The second is a post that will help get you focused with your real estate investing goals:

    https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

    The last one is a post that will help you choose an “investor friendly” real estate agent.

    There are many agents out there, but it’s important to choose the right one.

    https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

    I love answering questions if you have any! Good Luck :)

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