All Forum Posts by: Alejandro Mendoza

20K will run you very slim very fast - Not a great position to be financially and mentally. 

I had one anomaly of a buyer once make a deal work out due to his real estate assets but he only had 10k cash at the time. It was super stressful at first but fortunately he's made a killing on it thankfully. 

If you're up it, look into a hard money lender option & reach out to a real estate agent that understands investment real estate! Otherwise get your capital a bit higher that way you have some cash on hand. You never want to run out of cash.

Quote from @Sariel Fu:

Quote from @Jim Odom:

Hi Matt, I agree with @Grant W. Wilson and @Meghan Castro about areas downtown such as Denver Heights and Dignowity. We just took on two properties recently in Denver Heights that are doing great. But also look in areas outside the city limits, where you won't pay San Antonio HOT. Areas north-west are really great and have been for several years. We manage three in Fair Oaks / Leon Springs area on I-10 that are very consistent and you can get more house. Bigger is Better IMHO. I feel that 4+ BR is the best option for the next several years. High demand, low supply. I'm always happy to have a conversation about what's working for us. Hope this helps.

Hey Jim, really appreciate your comment. I wonder if the 4+BR is only a good option for STR or also in demand for long term rental as well?

For Long-term rentals, I like staying close to the military bases as prices are relatively lower than the high-demand areas such as Northside San Antonio. The thing is, these bigger homes to no surprise are pricier and require more maintenance so it stops making sense once you get closer to the 275K+ price point. STRs would be the better option most times. The investors I work with have loved their STRs.

Welcome to San Antonio, TX! 

Lot of opportunities for STRs throughout the city depending on your preferences. Lot of ground to cover surrounding Downtown, military bases, universities, and attractions such as Sea World, Six Flags & shopping malls. We are one of the most visited cities in the nation & prices remain affordable relative to other popular metros. Best wishes!

I don't see anything coming out of the planned Essex St Development in the near future. 

Joseph said it best. There's a lot of movement going on between New Braunfels Ave & Walters but it's seeming to slow down for new sales in the past couple months. Staying closer to New Braunfels Ave or being west of it is still going well for the homes we come across. All the investors I work with doing BRRRs, especially STRs are still doing really well. If you're trying to avoid the high-crime, it changes a lot depending on the immediate street the subject property is on so I'd do a Google Street View to inspect the area. Look for other remodeled or new construction. I wouldn't want to be the first house on the block being remodeled. 

Wow Chris this was very awesome information. I knew the market is hot but to see the actual numbers is insane!! Thanks for sharing.

It's hard to stay away from foundation in central Texas. Foundation is fixable and the most important thing is to get a reliable contractor. I'd say it would be worth getting multiple contractors to have a look at it. Feel free to give me a holler!

You came to the right place Tim! I have several investors based in So Cal, some experienced, others not. I'm based in San Antonio and always looking to help more investors in Central Texas. Lets connect!