All Forum Posts by: Aaron Bihl

@Allan Foote

This is a tough question, and one that I personally go back and forth on a ton.  I have a bachelors degree and a masters degree and have paid upwards for 40K back in loans and neither of those degrees are necessary for what I do now.   

A few of my thoughts below...

Student Loans - 

Students loans are very real and I didn't realize this when I was 18 and had no clue what I wanted to do with my life.  I remember before going to college student loans were talked about like a thing that everyone has and its normal to graduate with up to 100k in debt and it doesn't matter as long as you follow your dreams.  Luckily, I ended up at an affordable school and only had a little bit of debt (40K after both degrees).  When you are graduating high school debt is talked about like its not a real thing, but is very much is.  The degrees I graduated with led to high paying jobs but paying off debt still sucks. 

College-

College was one of the most fun times of my life and also very formative.  I still look back on college and think about how fun it was and also a lot of what I did in college has set the framework for my current life.  In that way I think it is great. 

Is it necessary? 

If you know what you want to do and it doesn't require a specific degree, I would say its not needed.  Most paths with real estate or anything entrepreneurial don't require degrees.  But it can also be a really fun time and a great place to figure out your life a grow up. 

Would I do it again?

Probably.  But it would look different.  If I were to start over knowing what I know now I would have worked more during college.  At 18 you can become a licensed real estate agent, or probably work or be involved in whatever side of investing you want.  Also, if I wasn't concerned about the social aspect of college I would likely start working and pursue a degree online.  All that being said, I'm still kicking around the idea of getting an MBA, or going to seminary, or both.  I think I value knowledge and the accessibility of knowledge a lot but I don't that it necessarily adds any value practically. 

All that to be said...I'm in San Antonio and if you want to grab coffee or lunch or something and need someone to bounce ideas off of let me know.

Hey Brett, 

For San Antonio I’d reach out to @Daniel Fleming with Texas quest capital. He’s good people 

@Nick Sehy I’d reach out to @Brian Phelt he has a property management company in town and is a good dude!

Apparently the picture I tried to attach earlier didn't work. 

The Somos Real Estate/Texas Quest Capital monthly meet-up is tomorrow. 

Joey's at 2417 N St Mary's St, San Antonio, TX 78212

6 PM - 8PM

It's pretty low key, but is a great place to meet other investors.

You all are welcome to join us tomorrow, I unfortunately won’t be able to attend.  It’a super low key and a great place to meet fellow investors in San Antonio! 

Come hang tomorrow! 

Hey Jon,  

100k doesn't really seem like the friend price but depending on the lot and where in government hill it may be a good deal.  I would say there is quite a bit of variance in government hill and the values, it stretches pretty far and there is a substantial difference in the area on the east side of government hill and the west side near broadway/the pearl.  

Also, I would check the zoning on the lot before committing to it, especially if you are hoping to put a multifamily unit on the lot.   https://www.sanantonio.gov/DSD/Resources/Maps

Let me know if you need someone to run some comps for you or if I can help in any way.

@Jeremy Keeler I don't know much about neighborhood scout, but I do own a home in that neighborhood.  I lived there for over 3 years and now keep it as an airbnb and have never had issues (me or any of my airbnb guests).  There is a lot of foot traffic in the area with all the bus stops nearby, but all in all I loved living there and love the neighborhood and would gladly buy there again.

Hey fellow SA folks! 

My most recent deal was turning my primary residence into an Airbnb and moving in with a friend.  Also last November I bought a single family house that is an airbnb and it has a 1/1 apartment in the back that is a long term rental. 

This year I'm looking to pick up a multi family property, rehab my first house, and pick up at least one more airbnb (either purchase or as a long term rental arbitrage).  

@David Gutierrez Welcome to BP!  San Antonio is a good spot, I'm also pretty biased.  Anyways...I think with the amount you are willing to spend and able to put down you could find something considerably better.  If the numbers meet your criteria and you are good with it then go for it, I just think you could find something with better returns.