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Updated over 8 years ago, 09/06/2016

User Stats

43
Posts
15
Votes
Marcus Jackson
  • New to Real Estate
  • San Antonio, TX
15
Votes |
43
Posts

Unsure About Possible First Deal In San Antonio

Marcus Jackson
  • New to Real Estate
  • San Antonio, TX
Posted

I just got home after thinking about investing all day today at work. I decided to look on Zillow for foreclosures that fit my price range. My plan is to buy foreclosures for a low (but modest) price, flip it or make some nice reparations, and sell it for as much profit as I can. Very basic plans at this point but I'm looking to get started sooner rather than later because I feel the longer I wait, the more deals that are passing me by. I found this property on Zillow: http://www.zillow.com/homedetails/4010-Quiver-Dr-S...

I really like this house and see great potential in it, especially since it is already priced pretty low in my opinion. On top of this, rehab financing is available which really piqued my interest. At this point I'm willing to make an offer on the property just to get my foot in the door with investing but I'm unsure in the end if this is a good investment or not. I would like some feedback from you all so that I can start off on the right foot. Thank you in advance.

-Marcus :)

Quick Edit: Real Estate agent will be contacting me in the morning so I would like to be armed with some questions to ask to get a better understanding of the property. I've read a whole lot about how to get started but I've never really read about what to say to get the deal started. I'm not putting all my eggs in one basket that this is the grand deal of a lifetime but I'm hoping to move forward in this process. 

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