All Forum Posts by: Aaron Bihl

Gavin, 

I've been working with @Brian Phelt and hes been great

The group is just called San Antonio Airbnbs.  I believe you have to request to join, but as long as you explain they'll let you in.

There is a Facebook group for San Antonio Airbnb hosts.  The folks on there are pretty responsive and I know some manage airbnbs, that should be a good resource for you.

@Gordon Way can you please send info to [email protected]  

Hey Colette,

I'm pretty familiar with San Antonio but relatively new to real estate investing.  A few things to know about 78207.  It is the poorest zipcode in San Antonio, but with that it is one of the areas that seems to have great potential and a lot of opportunity for appreciation.  78207 is on the west side of downtown and pretty much the other three sides have started to appreciate be renovated and this seems to be the last of those.  At first glance the rents for that area seem a bit high based on the size and location.  Just my two cents.

-Aaron

Hey Chris,

I don't have a lot of info for you as I'm just now trying to get started.  I have yet to do my first deal and am exploring several strategies currently.  I'm most interested in Woodlawn, LA Heights, Five Points, Prospect hill, etc.  Pretty much west of downtown and into midtown areas.  I started driving for dollars with deal finder app, have website/social media/seo in the works, and am looking into other motivated buyer lead sources for direct mail.  

I have a lot to learn for sure, but am trying to pursue this.  I would love any insight or tips you may have.

Thanks,

Aaron

Marc Middleton yes, that would be the plan.

Hi,

I'm looking for help and some ideas on purchasing my first property. I want to buy a 3-4plex to house hack. I would like to use and FHA loan to purchase this due to the low down payment requirements. The issue I have is that my current home (single family home) has an FHA loan and I would need to refinance in order to purchase another property with an FHA.

The current rates make this refinance difficult. Below are the numbers and few options I have gotten so far. I’m hoping you can help me think through some options to make this happen.

My credit score is in the 700-720 range and I have about 25K for a downpayment.

Current mortgage: FHA ARM 3.375 1271/month

Refi Option 1: 30 year conventional 5.25% 1306/month, 3500 closing costs

Refi Option 2: 30 year conventional 5.875% 1443/month, 1400 closing costs, 17K cash out

Refi Option 3: 30 year conventional 4.625% 1258/month, 7300 closing costs,

I’m hoping to get some advice and creative ideas on how to go about this.

Thanks,

Aaron

I’m looking for some advice and ideas. I want to buy a 3-4plex to house hack and hope to use FHA to purchase it due to the low down payment. I have a single family home that current has an FHA mortgage that I would need to refinance in order to get another FHA. The numbers with the refinance are difficult due to higher rates. I would be able to get out of PMI but every option I’ve been given increases my mortgage payment. Some of the numbers are below, I have about 25k to use toward a down payment and my credit score is 720. I am hoping to get some ideas on the best way to go about it. Current mortgage: 1250/month FHA 5-1 ARM (3 years in) Refinance option 1: 30 year 5.875%, 1400 closing costs, 17k cash out, 1440/month Refinance option 2: 30 year 4.625%, 7300 closing costs, no cash out, 1258/month Refinance option 3: 30 year 5.25, 3500 closing, no cash out, 1307/month Thanks for your time, I appreciate your help! -Aaron