All Forum Posts by: Brian Phelt

My pleasure Logan. Let me know if you need anything else.

Hello Erica, Welcome to San Antonio (early welcome anyway). The Northside ISD and Northeast ISD are two of the best school districts in San Antonio. That would place you in north central and northwest San Antonio. Let me know if I can be of any assistance.

Joshua, Congrats on taking the plunge. To answer your question, you can start with one property and have a company manage it for you. My Company manages many properties that are the sole investment for clients. Take the time to interview several companies before making a suggestion. There have been posts before on what to ask so I won't rehash it all here. Reach out if you have any questions I can help answer. Best of luck on your endeavor.

You can still find homes along the IH-10 corridor between 410-and 1604.  They will be older but they are nice homes.

If you are staying in the area you mentioned then I see no issue with your plan.  Anything you can do to increase the value of an investment is a good idea.

Logan,

For the loan amount you have mentioned I think you could score something in the northwest (Culebra-/Bandera) from Loop 410-Loop 1604.  And also in the northeast.  I am working with several buyers with similar budgets.  

As for your other question, as a professional I would always advise you work with an agent when doing a real estate transaction.  You could always get an agent to represent you in doing the paperwork, or work with an attorney to draw up documents.

All the areas you listed are nice.  Pearl and SouthTown are up and coming, so it will become more expensive to buy there as development continues.  Regarding the roofs, most of the hail issues were concentrated on the NW side, and roofers have been working non-stop to make repairs.  Whenever you start looking at homes, the sellers disclosure will usually list if the roof has been replaced recently.  You will also have an inspection done on whatever home you decide to purchase, so that will also let you know about any potential issues before you buy. 

Hello Logan,

You didn't list what side of town you are looking at but there are quite a few 4/2 SFH on the market that are nice and affordable. If you go with an older home, the price may be less but you may have more big ticket items that need work (roof, HVAC, etc) if they haven't been updated recently. Going with a newer home may cost a little more but it most likely will be more energy efficient, have newer items, and have more space (hopefully allowing you to command more rent money depending on where you end up buying).

Over the next two months our market will start becoming flooded with listings so you will have plenty to look at.  You should be in good shape for a May purchase.

I hope I was able to offer some guidance.  Feel free to reach out should you have any further questions.

Andy,

I work with many investors from out of state to help them find good investments, so please reach out if you would like to discuss how I may be able to assist you.

Thank you. 

Matt,

As a property manager myself, if I were in your shoes I would begin focusing on developing processes and procedures (written).  We have checklists for the staff to follow so things are always done the same way every time.    I feel these fall in line with the functional systems you referenced.  Also, take the time to truly research what software you choose.  Whatever path you go down will requires substantial time and effort to implement, so choose something that is flexible and scalable for future growth.  We recently made the switch to Appfolio and have been very happy. 

Best of luck.  Im sure you will do well.

Hello Bryan,

Welcome to the site and congrats on making the decision to move forward.  I have worked with several people from BP and would be happy to meet with you to see how I can assist you as well.

Best of luck as you continue on this journey of investing.