All Forum Posts by: Andy V.

Yesss San Antonio is booooming right now and for foreseeable future. The simple fact is....although many Tech companies aren't here (yet) there is increasingly more headquarters moving here. Hulu streaming has a call center in town, there's a big medical center, it's military city, lots of historical attractions, and rapidly growing in restaurants, entertainment, etc.

Austin is my hometown but locals are being priced out and expanding to outskirts and further than inner city.

The other thing we must consider is COVID really opened up remote opportunities so people don't necessarily have to live so close to the city or close to the office - what this does for investors is give us an opportunity to search outside of areas like the heart of SA or Heart of Austin but look to other nearby cities. New Braunfels, San Marcos, etc. have also seen tremendous growth. 

If you follow I-35 from San Antonio to Austin you'll see so much growth everywhere in between. Although competition is high, and large investment companies are buying lots of properties cash, the opportunities are plentiful. I found myself a deal that met 1% rule in San Antonio and will generate a great deal of cashflow. It was an off market deal, that's where you really have to work for deals...once they hit the MLS it's too late!!!!

Hey everyone! Looking for some more Real Estate Investment meet-ups in and around San Antonio, Texas area (virtua/zoom/in-person all okay) and networking events you'er attending in the local area! Hoping to connect with some of you!

Hit me up!

Hey Fabricio, 

Hit me up if you still need help! I got a few I can recommend and the ones I trust to work on my own properties. 

Growth is expected to be record-breaking in 2022 for San Antonio. To me, that tells me to focus on rentals, BRRRR properties for long term but at same time means there will be good opportunity for flips.

There are thousands of investors here, still relatively affordable, with some promising appreciation in the future. I'm from Austin, born & raised, and I tell all my friends and family that San Antonio real estate market is Austin's....5 years ago, now look where Austin is at :) 

"South Austin" is now Buda/Kyle and you can literally see the intersection where the development ends...new aparments are being built, starbucks just posted in front of 3 large apartment complexes being built, and the growth will continue until the edges of Austin and SA meet in the middle. 

Lots of investors already in New Braunfels and San Marcos because of this, lots of land development opportunities between these two cities, but really just depends what you're looking for. Texas is a hot market and plenty of deals come up

That's crazy! Earnest Money to Title company is the Good Faith Deposit (for the SELLER to feel good about accepting your offer, knowing you have the intention to buy and move forward)........that never goes to the lender!

A lender should try to earn your business by the loan package they offer and wanting you to move forward with them because you can't pass up on their rates/down payment/fees/hard money extension limits, etc, not asking you to give them money to confirm you really want to buy a property. 

Red flag, I wouldn't waste my time, find another lender. Apply to multiple, you have 30 days or so from the first application to apply to as many financial institutions and see who offers best deal for you to move forward. See if they mention anything about this on a website or somethign too, just seems odd....

Good luck!

Your Austin agent can submit offers in San Antonio, no problem.

Dual representation won't work in TX, so it may be tough to find a buyer's agent that will take less commission than standard, but it's all negotiable honestly. Just depends what work they would be needing to do vs. the normal work that is done when they are being paid the rate they're used to. 

Maybe the agent helps write the contract and negotiate a price for the reduced commission, but then leaves you to do the rest: schedule inspection, communicate with title company, update lender, schedule walk throughs, run comps, etc. 

Hey Nathaniel! 

Are you looking to relocate to San Antonio? I've got first-hand experience with Househacking & BRRRR strategy, great market for this, especially with the forecasted growth in 2022! Let me know if you have any questions.

Regarding lender...I always say to shop rates, you have 30-45 days from your first application to apply at as many different financial institutions (credit union, bank, mortgage lender, etc) to shop rates and it will only count as a single credit inquiry. 

As involved as I am in the industry, I always call as many as 10 lenders and apply to see who can offer the best loan program. Letting lenders know you're doing your research and shopping rates tends to give them a sense that you know what you're doing...and to earn your business they'll have to offer competitive loan package. Not all lenders are created equal, some more knowledgable than others so making a few phone calls will help guide you to find the "best" 203k loan package. 

Hope this helps! Cheers!

San Antonio is the land of great opportunity right now, great investment opportunities for just about all investing strategies. Although prices keep rising, still relatively affordable, lots of opportunity for purchasing cash flowing rentals, lots of older neighborhoods with rapid growth, & everything between Austin and San Antonio booming. 

If rentals are your preference, you have a magnitude of options from multiple universities, it being military city, lots of vacation/travel for Alamo/Riverwalk/Historic landmarks. Areas that were untouched are now beginning to give new opportunities. Future looks bright here, many articles and real estate companies forecasting it will be one of the fastest growing real estate markets in 2022! 

San Antonio is a great city with great opportunity...and a boom that's approaching quick! If you don't end up finding anyone hit me up! Always happy to chat. 

Cheers! 

Depends on your interest rate/fees/etc too, I'd highly recommend shopping rates with different lenders, banks, credit unions, etc. to see who will give you the best deal. Don't only apply at 1 place, you have 30-45 days from the time you applied on your first loan application to seek other financial institutions and it only hits as a single credit inquiry. After you fill out the application ask the lender for the Loan Estimate sheet, take that to other lenders and see if they can do better. I'm purchasing a rental property and closing this week, I called probably 10-15 lenders even after being in the industry and having my general "go-to" lenders I found a local bank that gave me a deal I couldn't pass up on. Don't be afraid to let lenders know you're doing some research behind who you move forward with. I think you'll be surprised at the variety of skill levels and knowledge some lenders have over others, especially with VA loans. These are the types of things that could get you closer to 1% guideline.

Cheers and good luck man! Welcome to TX!