Investors in San Antonio

[Anthony Flores]

I Have been  working in the San Antonio market for about 3 years now and have obviously seen a shift with the Interest hikes from a seller market. But I want to know from the people in the game that are buying what are your current thoughts during this time are you still looking for more deals and of so what is your biggest source?

[Andrew Postell]

@Anthony Flores thanks for the post.  Always great to hear from a fellow Texan.  

Lots of us are buying right now and the 2 biggest resources I can recommend are other real estate groups and wholesalers.  Now, they are both related as the best wholesalers you can find are the ones at the real estate investor groups in your area.  Try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

You can even reach out to @Will Pritchett @Robert Finn @Betty Cruz as they are all local San Antonio people.

Also...I know you didn't ask for this but just in case; some perspective here - the historical average of interest rates is 7%.  20 years ago, when I got started , all the rates were 7%-8%...but those of us that purchased real estate then are millionaires today.  If you lived in the 70's and waited until rates fell...you would have waited over 20 years.  Meanwhile, property valued quadrupled.  Don't get me wrong, interest rates are very important.  But so is investing in general.  I have other assets besides real estate.  I even have a little bit of crypto.  But the vast majority of my wealth is in real estate.  The tangible and intangible benefits are still there.  And yes, many people have left the market.  But many people are also living paycheck to paycheck (or worse) right now. So, if you are struggling then we need you to reset and get finances in order.  3-6 months of bills saved is first.  Remember these rules?  Those rules and the same rules of real estate exist now too.  Real estate is not a "get-rich-quick" scheme.  It takes time.  But if you stick with it then it will change your life.  Hope all of that makes sense.