All Forum Posts by: Alex Ireta

Hope you found a plumber John, I am looking to sheetrock and texture a single story 1600 sq ft house in the San Antonio area if anyone has any recommend contacts.

Hi Scott, 

I have been looking for a BP meetup near San Antonio with no luck. Any room for one more to attend your meetup tomorrow? If so, can you provide details on where its located and what time?

-Alex

Terri I think you have plenty of options to consider. I too self-manage our properties, I try to stay in high traffic areas like Sea World, Broadway, Selma, Schertz/Universal City/Live Oak only because the potential for rental increases are doing well. Like others have mentioned San Antonio (and surrounding areas) are doing very well for rental properties and those properties appreciating in value. 

If your goal is to get out of the real estate business selling the property might be your best bet, now is a great time to sell. If your goal is to build long term wealth keeping the property and letting it appreciate will pay off long term. Your doing the right thing by increasing rent as you see fit. I would focus more on your long term plans as a family, that will dictate your path. If you want to consider selling your rental property send me a direct message. 

Alex

Thanks everyone for your input. I have some research to do. Since I'm heading into my third year of renting this property I am still within my window to avoid capital gains. This property has had a positive cash flow and I currently net over 450 monthly. Makes more sense to HELOC and buy another rental property.

I am new to Bigger Pocket forums however I have listened to their podcasts for months now. Considering selling my SFH. Located in booming San Antonio, TX area near Shopping Malls, Theme Park, Restaurants, Medical Center, plenty of stores in great neighborhood. I have owned the property for 6 years and has appreciated in value tremendously. Roughly 75k in equity. Market value on the home is about 168k.

I have ran into a few deals to flip and wasn't a big fan of HELOC, am I missing the bigger picture by trying to sell the property to buy a rehab? I was considering selling the property to pull out the equity for the next flip.