All Forum Posts by: Febe Espino

Depending on your pre approval amount, you can get into small multi family here in San Antonio. I'd speak to a lender, as they may be able to use market rent for the other unit(s) as qualifying income. During the time you live there, you could add value (in unit laundry, foot print reconfiguration, and cosmetic updates). Over time you could refinance into a different loan product and short term one side and long term the other, and repeat the process. For schools you can use niche or usnews to get a general idea of graduation rates and other statistics.

Haven’t found any multi family. I have pre approval for $350k sólo and waiting for a pre approval with a family member for a higher amount.

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Quote from @Jordan Moorhead:

@Febe Espino multifamily or single family? We have some in Kirby and they've been nice areas

Look into both, multi family preferred.

What’s the average rent there, and DOM for rentals.

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Hi,

I'm looking to purchase my first investment property, which I will purchase with FHA live in for 1-2yrs and then rent.
I'm looking in the San Antonio area, any zip codes I should avoid to live in?
also where do you all look up your crime rate/school rating/ext,

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Hello there,

I'm looking to start my real estate investment journey.

I was originally thinking about house hacking a fourplex, but looking another option.

There is this abandon house/property that's sits in .69 acre lot near my home. It was listed in 2018 $215k. I plan to contact the owner to purchase her property( I don't know where to start here). If she is willing to sell, I either want to put 1-3 tiny homes for STR or build a fourplex.

Some one give me advice!!

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Quote from @Holly Barrett:

@Febe Espino

What is your top sales price that still yields your returns based upon their current rent?

If they have offers on the table above that that are solid, keep it moving and let them know you’re interested if it falls through.

No need to spend too much time asking questions of the listing agent if it’s not a realistic option.

Any formulas you recommend that you use to calculate?

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Quote from @Edgar Gonzalez:

Hey @Febe Espino. I would make sure this property checks off everything in your buy criteria. Stick to the fundamentals and do not let FOMO influence your decisions. There will always be an opportunity for you to buy.

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I recently found a 1-4 multi-family unit in My area. That I am interested in purchasing as a house hack.

I don't know where to start and/or ask the listing agent.

Any tips on what I should ask the listing agent.

I am a newbie agent, and will be representing myself... According to the listing agent this property has multiple offers and is listed at 547k according to my CMA, fourplexes in the area have been selling 475k-525k. I don't want to overpay but I don't want to pass out on the opportunity to start investing.

I need advice or tips 😅

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Hello!

Looking into purchasing a fourplex in the Rio Grande Valley area as a first-time home buyer. I have reached out to 4 mortgage companies and I spoke to a representative of New American, and I told them my situation; the property I am interested in has multiple offers. they mentioned their buyer acceptance program, and wanted to see if anyone has used this program and recommends it.

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Rio Grande Valley, Texas

All Forum Posts by: Febe Espino

Febe Espino has started 4 posts and replied 8 times.

Post: Looking to buy in San Antonio

Post: Looking to buy in San Antonio

Post: Looking to buy in San Antonio

Post: Looking to buy a property that is not for sale!

Post: Where do I start/what to ask?

Post: Where do I start/what to ask?

Post: Where do I start/what to ask?

Post: New American Buyer Accepted Program