Ultra Newb! Military Relocating to SA.

[Stephen Gay]

Hi All,

I will relocate to San Antonio this summer and want to find a great deal on a small multiplex, house hack and employ the BRRR method to generate some momentum.

I'll have 30-50k to put into rehab and/or pursue non-VA funding to make a more successful/lucrative BRRR. But beyond research and analyzing random properties, I'm really at a loss for how to get started. I feel like I'm planning in a vacuum and will greatly appreciate a nudge in the right direction.

Thanks!

Steve 

[Christopher Campbell]

Hey Stephen!

The name of the game is networking. The core elements of being successful as a Real Estate investor are about the same across the board. One of these core elements is having a strong team. Having a solid network of reliable contacts can help you be more competitive in the market. You'll be more nimble and able to jump on the right opportunity when it comes time. With how fast things move, especially in the small MF property realm, you'll need to be able to move quickly to beat out the local, in-state, and out-of-state investors that are really hungry for this market.

Having the financing in place, having a solid person on your team that can assess a property's potential value/what you can rent it for, having solid GC/trade contacts to help with a distressed property if the value-add play is the way you want to go, and having the exit strategy in place from the beginning is going to make you ready to seriously approach deals from a position of strength. 

I'd be glad to share knowledge and experience. 

Cheers!