All Forum Posts by: Aaron Bihl

Honestly, It depends on who your application ends up with at development services.  I've had ones that take months and ones that take weeks.  If you go in person and talk to some one it will move faster.

@Kaylor Karlin shoot me a message with your email and i can send you one

@Heather H. I should have a 3/2 in new braunfels coming available in July

I guess I'm doing it wrong...

*gets back to work on trying to become more miserable

I think it really depends on what you want to do. BRRRR deals are difficult in san antonio as it's hard to find a house that you can be all in for 75% and then it still cashflow.

On higher pricepoint properties BRRRRS are difficult here because we don't have much of a higher end rental market.

I try to go into each property with multiple exit strategies.  For me it's determining what it looks like selling as is, what it looks like for a buy and hold, and what it looks like for a flip.  And from there its determining the appropriate level or repairs/rehab to fit the comps in your neighborhood. 

Ideally when you complete it you'll be able to keep it or sell it based on what you need.


All that being said, if your goals are BRRRR I would stick to that.

I would agree with Seth...it really depends on what you're looking for. I have my license at a broker with a similar setup and it's great for everything I need...having MLS access and listing my own properties.

I think the level of support, leads, etc can definitely make the splits at brokerages worth it.  I think if you're goal is to work as an investor someone like stepstone is probably a good balance of being investor focused and still having resources and support (from what I've seen or heard).  

Also working with someone like @Seth Teel at Somos will be incredibly helpful if your focus is investing.  Every realtor is some how "investor friendly"  but most don't actually invest themselves or have much familiarity with off market transactions (or who to buy from for off market properties).  There is a lot that goes into that is best learnt by working alongside people who are actually doing it.

A few thoughts... 

1.  It's overpriced.  

2.  Garden homes in that are seem to be more in the 170-180 range.  I fear that it may have been comped and priced based on single family homes which would explain why it's off.

3.  70 percent deals don't really exist in San Antonio on the mls (and are hard to come by even if you are doing direct to seller marketing)

4.  Anything priced well in San Antonio is selling right now, and I know several people selling flips right now that are getting several offers over ask.

Hey @Nathaniel Ortiz, 

In order to offer much advice it would be helpful to have more info, pics, etc. And to know where on the East side it located.  I would assume it’s dignowity/Denver heights/east lawn or whatever the neighborhood east of new braunfels is called based on it being a pier and beam house. 

I doubt it is a tear down but it’s hard to determine based on the info provided. 

I’d be glad to take a look at it and give my thoughts if you want to DM. I buy a fair amount of houses and look at several weekly, let me know if I can help. 

Do yourself a favor and get propstream

@Collin Corrington I definitely don't have it all figured out, but I like to think I buy pretty decent deals and do all right.  I think in general, marketing costs are more expensive here than people expect.  I'm paying just under 5k a deal, which I'm working to get that closer to 2500-3k. But even then I average around 20k...and thats a combination of wholesaling and wholetaling.  

For me the biggest thing is follow up.  I have an appointment this week that originally reached out in june...its taken 37 touches and 6 months to get her to an appointment and thats not counting my facebook and google ads she probably sees daily.  

Glad to help if i can.