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Updated over 5 years ago,

User Stats

7
Posts
1
Votes
Ash Mathradas
  • Austin, TX
1
Votes |
7
Posts

Building a 4-Plex In San Antonio, TX

Ash Mathradas
  • Austin, TX
Posted

San Antonio investor community: I am a new SA investor and need some advice.  I bought my first SA property located at 147 Livingston (Harlendale) that sits on a 8000 sqft lot as rental/owner finance, my sweetspot.  Long story short, its a lemon as the foundation is unrepairable.  My options are to: (a). sell off as land and take loss, (b). build a single family, (c). build a 4-plex.  I am inclined to explore option (c).  

Questions to the community as I dont have construction experience. 

1). Any investor out there experienced with building 4-plexes in SA that's willing to walk me through the process? 

2). I am specifically looking at speaking with folks that have: 

- Architect/permits experience (specifically know good 4-plex architects)

- 4-plex construction experience as investor

- Construction banking experience (I have a commercial loan but never dealt with construction before)

- Property mgmt: experienced with managing 4-plexes specifically.

I appreciate any guidance the community can give me. In parallel, I am getting comps to better understand the revenue potential for 2/3/4 doors by configuration (1/1, 2/1, 2/2) to better understand yields.

Thanks, Ash Mathradas.

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