Hard (private) money, Brrrr in San Antonio Tx?

[Jason Brown]

I wish to accelerate my real estate investing and after buying my first property conventionally, I can’t tie up too much capital into another property. I think I’ll take a year to gain more insight and pay off my car loans and then look into a hard money or private money lender but I have to question if there is potential in San Antonio, Tx? What do others think?

I assume working with a wholesaler, a lender, contractor and property manager to get it figured out will be feasible.

What should I be asking these lenders?

Thanks for the read!

[Andrew Postell]

@Jason Brown you can absolutely make this work in San Antonio.  There are already lots of other people who are doing it right now.  I would highly recommend you going to some real estate networking events in the area to meet other real estate investors.  You might even be able to meet some hard money lenders that way as well.  I would recommend Investmark Mortgage but there are others as well.  The biggest, most important question that I can recommend asking is "WILL YOU LEND ME 75% OF THE ARV?" If the answer is "yes" then we're good. None of this "well, we lend 100% of purchase price and 80% of rehab" stuff. I need 75% of the ARV each and every time. That's why I would recommend Investmark.

Anyway, I hope all of that makes sense but post anything else if you need.  Thanks!