All Forum Posts by: Camille Roland

@Ryan Daigle I am defiantly going to need to do some homework on IRR. @Colby Fryar Thank you. I think this is a great deal, because we have a lot to offer on this property. All this great information will allow me to navigate through with potential investors. 

I am a real estates agent and will be releasing my first large Multi-family Apartment Complex for sale to my investors. This Deal is 40+ Doors in South Texas, more then half the the units have been rehabbed and of those 20 units are currently being occupied. 

What would make this a GREAT DEAL?

What are some key questions that you would be asking me about the property?

What would peak your interest and make you reach out for more information?

What are your top three deciding factors that makes or breaks a deal (obviously the financials, but what else)?

What do you find frustrating about working with a sales agent for this big of a project?

With COVID has your buying strategy shifted?

Any shareable knowledge or tips welcome.

I'm can attest to what @Joseph Cacciapaglia and @Will Pritchett are saying about the San Antonio market. I have several investors that buy-and-hold and are definitely looking at total return, and future appreciation. There are pockets where the 1% rule can still be had, but broadening you area is definitely a better play. I grew up in the NE area of town and am very familiar with this market it is attractive to both investors and traditional buyers. 

There are people from all walks of life, and like yourself people stay where there comfortable and know their surrounds. With that being said, if you network with other investors or property manager's they could give you great insight on what is "norm for the specific area" that specific area of town. 

San Antonio is definitely being thrown into the spotlight, cost of living is still very affordable and the entire city is seeing change, it just depends on how fast you need that change for your strategy. 

@Alice Huang, I too am bias to San Antonio. There are definitely certain parts of San Antonio that are tougher to rent than others. Just like any market we have pockets where different strategies work better. For example the eastside is a great hot spot, though you can still get good rents the taxes after rehab could get pricey. My buy and flip investors do great in this area, key is doing a good job on rehab so it dosen't sit on market too long. With buy and hold I notice the hot spots are geared toward the school districts, and accessibility. We have plenty of properties that are in the price range of under 200k in San Antonio. You will have no problem finding a property for your exit strategy.

I am in San Antonio Area, and one of my best investors is female! She is also the one doing the rehabs!

@Brett Cox  That is defiantly a great strategy! @Heather H. I agree with what is being said, According to TAMU research the Vacancy rate is anywhere between 6.1%-7.7% with the lowest rate being in north central and the highest being in south San Antonio. 

@Benson Gee what strategy are you using at this time? Do you currently have a portfolio in California, or will this be your first purchase?  San Antonio, TX market is booming, currently the top 3 growe are in proximity to surrounding areas like New Braunfels, Boerne, and Seguin. San Antonio currently has two developers in the downtown area about to break ground on major projects that will bring even more value to the downtown/Dignowity/Denver Heights area. 

Our Market is still very affordable, rentals still fit the 1% rule, properties from light rehabs to full gut, great profit margin and plenty of inventory. 

Taxes and Insurance are definitely more pricey then California, and it is something to familiarize yourself with for your hold properties.   

https://www.expressnews.com/real-estate/article/San-Antonio-s-housing-market-More-14963339.php?fbclid=IwAR0n0wjbDyYteWrwX_q_DcV3SYzrRPvH8wVknVcPsh6njy_4XyjKG8tuTc4

Just wanted to say hello! New to group and real estate,  I'd love to reach out to anyone and get any type of wisdom anyone is willing to share. I am a LREA in San Antonio and work for a brokerage in San Antonio can't wait to meet and connect. Reach out and say hi.