San Antonio Market Ideas

[Travis C.]

Happy Monday,

I am a buy and hold investor in San Antonio owning all of mine on the fast growing far westside. Have bought all mine as REOs in the past directly from the MLS most recently as last month, but am having a more difficult time than normal and I am currently on the market. I get that deals are hard to come by, but I would like to cash flow $200-$300 a month after a I pull cash out 80% LTV following an all cash purchase and I know this is totally doable (I self-manage). Just everything on the MLS is sold, pending, by the time I get to it.

Anyone have any ideas on where to deal hunt outside of the MLS locally? I really don't want to get into mailing post cards unless someone can actually tell me any viable success stories affer having done so. I know I receive them all the time and just throw them away, but then again I'm not looking to sell either.

Maybe I will start going to the local RE Investor club meetings. I've yet to do it, but I am sure it may be worthwhile to network, at a minimum. 

[Ross K.]

@Travis C. Beyond the MLS, and without direct marketing, you're really limited to networking, networking and networking. Wholesalers and other investors are a good place to start, as well as investor-minded RE agents, and as you mentioned, you should be able to find them at local REI meet ups.