Investing in San Antonio TX

[Don Nguyen]

I'm in Austin, TX, and looking at doing BRRRR on SFH and small MFH (up to 4-plex) in San Antonio.

I'm in need of recommendations for investor-friendly real estate agents as well as wholesalers.

Any recommendations on areas to look at or to avoid? Also looking to connect with other investors in the area!

[Christopher Campbell]

If you have strong guidance, a well formed team here locally, and you have the ability to come into town with some regularity to get eyes on your projects you shouldn't face the same hurdles that someone who's out of state or out of the country that's trying to do the same thing would. Besides, I'm sure you're not wanting to get into a major rehab for the first few deals you do here. I think it'd be better to ease your way in. Deals come in all shapes, sizes, and conditions. They aren't all huge rehabs. 

Distance wise, I lived in Austin for 4 years and would make the trip back here to see family about twice a month and really didn't have an issue with travel time and work schedules. Utilizing the digital age gives investors a great advantage as well. 

If you work with a group of people that are experienced investors that have done the things you want to do and gone where you want to go then there isn't a reason why you would trust their insights. They've probably made a few mistakes along the way that they can help you steer clear of. Lean on them for the do's and don'ts and must-have's and no-go's. There are many elements of investment real estate that can be approached the same way in different markets. 

On the local team aspect I'd continue to try to network with local pros and see where it leads. From there as you start to form a clearer picture of how the system can turn up opportunities that fit you style you can begin to form your team around it and press onward. Having direct contact with locals that can provide key insights into good areas, help you with diligence, may have strong contacts of their own that can fill in any gaps in your operation here, and help see your projects through to completion with aligned interests can prove very valuable in the long run. As with anything else, you're going to learn a lot as you go. Would you agree that forming a strong team here to build a foundation for your operation is a great first step toward your ultimate goal?