San Antonio Investment Advice - 2017 Goals & Planning

[Anthony Caiazzo]

Hi Everyone,

I am real estate agent in Austin looking to begin my investment career. My goal is to purchase a minimum of 2 buy/hold investment properties within one year in the SA to Austin areas. My long term plan is to continue with investing in new properties YoY either doing the BRRR strategy or using cash for the down payments. I do plan to start an LLC for the investment properties and will property manage with my father.

To accomplish my goal I have two strategies:

1) Purchase SF and/or MF (2-4 unit) homes in the SA /surrounding area to generate at least a 8-12% cash on cash return. *Knowing appreciation is long term.

2) Purchase SF and/or MF (2-4 unit) homes in the Austin area to at least break even. I have my eye set on appreciation.

I had a couple of questions for the community

- Is this a good strategy?

- Is it worth joining SABOR to gain access to MLS to help with comps? *I have been on realtor.com and the public SABOR MLS, but want to make sure I get enough research on the property areas with comps.

- I grew up in the NW side of town 20 years ago (John Marshall was my high school). My father lives/owns a multi-unit in Alta Vista. I was targeting areas in the NW area (maybe even helotes?) and downtown. I would consider some property renovations, but would like to keep the repairs minor my first year. Do you find these areas of town good places to begin my investments that will net renters to generate my return goals?

- Any advice on networking groups outside of biggerpockets, facebook's SA & Austin investment underground?

I appreciate everyones time.

Look forward to connecting

Thank you

Anthony

[Gonz Trevino]

My advice... never buy a property you break even on. You should definitely be making at least a few hundred bucks a month. What if you're going for appreciation and the market goes down, and you have negative equity and you're losing 200 bucks a month? Are you willing to hold it for 4-8 years until the market recovers?

Always make money on every investment. That's the best advice I can give. I went a little out of the beaten path and bought a house in round rock. Pflugerville, Kyle, Hutto, Round Rock, East Austin, San Marcos, New Braunfels, San Antonio, Del Valle... there's plenty of decent markets within driving distance.

Let me know if you want to dig deeper I'm happy to share my findings! I'm at 5 single family properties.