All Forum Posts by: Adrian Salazar

Good afternoon BP community! 

I have a question for you experience investors who are familiar with hard money loans. 

I have a house in San Antonio that I plan on buying November 12. Here are the numbers

Purchase Price = $155,000

Repairs = $5,000 (might need a new roof)

ARV = $205,000

I plan on buying with hard money only because of the time frame needed to close. I want to refinance immediately into an FHA or Conventional loan and then put a tenant in there for 6 months. I plan on using it as a homestead in the future after the tenants 6 months are up. I am currently still stuck in a lease and wont end till June 2019.

I want to purchase this home for a homestead but not until my lease ends. Its a great property in a great location and I don't want to pass on this. I plan on also putting a couple roommates in the house with me in the future so they can help pay down my mortgage. 

Any suggestions on how to structure this? Im trying to avoid paying a HUGE amount as a down payment. 

Thanks to anyone who gives their input. 

Good evening fellow BP members! 

Hope everyone is having tremendous success in their business and crushing their goals for 2018! 

Wanted to run this by you all to see what you all thought. 

Do you prefer investing in Tertiary markets, for less price per unit, in class B and C areas 

or 

Do you prefer paying more for properties in Primary markets?

Just a thought I had and wanted to see the main preference points by other investors.

@Account Closed then I have something for you! 
Whats a good email to reach you?

Good evening BP community! 

I was making this post to see if anybody has ever bought 8 units plus in any of the Rio Grande Valley cities like McAllen, Brownsville, Edinburg, Donna, Harlingen, Mission, Weslaco, etc. 

If so, what CAP rate did you purchase at and what do you consider to be a good price per door or CAP rate in cities in the Rio Grande Valley?

Yeah I'm actually going to start implementing creating my own lists from apartments.com

Thats awesome congrats! What markets are you currently marketing in? @Hadar Orkibi

@Hadar Orkibi yeah I actually have a list from list source too, but I was referring to properties that are not on the list. County assessor is a good way and Ive been using it but I wanted a more aggressive route like TLO or Nexus Lexus to dial for dollars. 

@James E. thanks man! Will implement this!

There is some really good pockets in San Antonio that I'm very familiar with that are appreciating very fast and are flooded with renters especially around the US Air Force Bases. 

San Antonio is also growing very quick and highways are being built to support the demand near the over crowded areas which in return can keep tenants longer in properties decreasing your turnover rates. 

You can never go wrong with the San Antonio Spurs, Alamodome, UTSA, UT Health Science Center, The Alamo, Six Flags Fiesta Texas, Etc.

Feel free to message me if you would like to connect more and ask me any questions about the San Antonio market. I'm very familiar with it myself. 

Good evening Bigger Pockets community! 

I am currently running some aggressive marketing campaigns to 10-100 unit owners in specific cities in Texas. I also have a team of bird dogs driving for dollars writing down the addresses of these types of properties. 

I was wondering if anyone had any experience with skip tracing to find the owners? I would like the best chance to get in contact with the direct owner of the property. I have used softwares like TLO, Nexus Lexus, and so forth and was curious if anyone else have had success finding the owners before with just the address. 

I was also thinking of getting down and speaking directly with the property managers and seeing if they would be able to get me in contact with the owner. 

Im getting down to the guerrilla marketing techniques to get myself in front of these owners as fast as possible. 

PS. also for those looking to partner on these deals that I find, please reach out as well. All my deals will be located in Texas's best cities! 

Any advice would be greatly appreciated! 

I've been investing in San Antonio for almost 4 years now and mailing has completely gone extinct. You really want deals.. go door knocking. Literally every door telling home owners what you do. That's the best way to get in front of people and actually build relationships. Real estate is a people's Buisness and more and more people are trying to avoid confrontation to get deals. So door knocking is the most effective way.