All Forum Posts by: Alyssa De Los Santos

@Jeffrey Donis thank you for the reply. Do you think an assignment contract is acceptable or is there another type of contract I need to draw up? 

@Ronald Allen Barney  I read this in my initial google search on the topic. I just wasn't sure if the same rules applied if both parties are non agents or if this was a rule just for licensed realtors in Texas. 

@Ronald Allen Barney Thanks for the quick response. Can I make the lead fee contingent on putting the property under contract? This way it's paid before closing but I'm not sending money to everyone who sends me an address. 

I'm not a licensed real estate agent and I invest in TX. I've been considering reaching out to my local delivery drivers and postal workers to help find vacant and dilapidated properties in my area. I want to offer them $300 if I close on a property they send me. Is this something I am allowed to do? I know that licensed agents can't give a finders fee to non licensed agents but what if we we're both unlicensed?  

If so, can I just write them a check or does it need to go through title?

Thanks in advance for the help, 

I am interested in buying a property subject to the existing mortgage. The owner still owes about 73k on the a property that appraised for 134,000. I'm looking to purchase it for the 73k and just take over the existing payments. The owner needs to sell because they're moving to the other side of the state and can't afford 2 mortgage payments. They have a tenant that was living on the property. The tenant is moving out this month but the property needs some TLC. Can I sell a property 3-6mos. after buying it even if my name is not on the mortgage? 

@Betty Cruz @Rick Pozos Thank you for the feedback. Any suggestions on where to find meet-ups in SA? 

Thank you all for the input. Some good advice and a lot to think about. 

Hello, My name is Alyssa and I'm in San Antonio, TX. 

I’m new to real estate investing and I am looking for some advice. I have about 20k set aside for my first deal but I am nervous to put all my eggs in one basket. In other words I don’t want to spend the entire 20k on this first one in case it goes south.

I’ve looked into getting a multi-family or single family property to rent out but single family doesn’t appeal to me because I feel like there would be limited room for growth. I like the idea of Multi-family but I can only afford properties with a lot of deferred maintenance in lower income neighborhoods.

I thought about renting a unit and subletting it as an Airbnb to limit the risks of in 6 months to a year, whenever the lease ends, if I don’t like the results I could simply move on but I don’t know how to find a landlord willing to partner with me on this. I would like to make it beneficial for both of us by either giving the landlord/property owner more than market rent or giving them a percentage of the bookings. I’m just not sure where/how to find the right person and property for this.

I have also looked into fix and flips but I’m not even sure where to start with that. Maybe after I get a little bit more experience and money under my belt.

Does anybody know a good jumping off point for somebody with my budget and limited experience? Sorry for the long post and thank you in advance for the advice.