All Forum Posts by: Christopher Campbell

Piggy backing on Bruce's point of view, the area between San Antonio and Austin commonly referenced as "The 35 Corridor" after I-35 is a major path of progress. Between Austin and San Antonio, there are a few rapidly up and coming towns and smaller cities that are quickly closing that gap between the two majors. Currently New Braunfels, TX is one of the fastest growing cities in the country.

San Antonio has a stable appreciation rate across the board for the past 5 years, but this past year has seen a massive jump due to a lack of inventory from the flood of accumulation that's taken place the past 6-8 months. My buy/hold investors that are still achieving cash flow are loving the recent surge in their property values. As with most major cities, there are the "good" spots and "bad" spots. I'd be happy to share knowledge and experience. If you want some more insight into the San Antonio market, to see my recent article. 

Cheers!

Good morning BP Community! 

If you're actively seeking discounted fixer upper properties I'd love to get connected with you to put you out in front of the opportunities that cross my desk daily. Investors, especially the less seasoned ones, are having trouble finding deals in a market this hot. The competition is stiff, the MLS is a crap shoot, and sellers are more aware of their position in the market. It's hard to find deals on your own with spending the money on marketing, use the help of a realtor (using the MLS), go door knocking and spend the time and gas money, try to work referrals, work through all the bad options until you find the good one, etc etc etc. This all takes a lot of time and you'll likely spend a lot of money to turn good leads. Remember, there are a lot of seasoned investors that already have their lead gen in place.

Would it not be easier for me to bring deals directly to you AT NO COST?

My brokerage is closing on more discounted investment properties every month than anyone else in the great State of Texas. I'm providing my investors 10-15 new opportunities EVERY WEEK. Single Family deals, Multi-Family properties, commercial projects, and vacant lots are available. The investors I work with PAY NOTHING to get access to this inventory, we do the title work for them to make sure you get a clear title at closing, and they don't pay any commissions to us on top of the sales price! 

Do you want to get access to this continual deal flow and not lift a finger to have great options that fit your strategy brought directly to you BEFORE they get out on the shark infested MLS?

Here's what you can do:

  (1) Reach out to me directly at (737) 219-9132 if you are needing your next project right away. I have 6 opportunities available right now that we can discuss and see if any of them fit your mold. If not I'll go to work to find you the deal you're looking for. 

  (2) Shoot me an email at [email protected] to start up a dialogue about your criteria and the process of getting you a deal that will fit you. You can always PM me on BP as well! 

  (3) If you'd like me to reach out to you at a time that would fit your schedule click THIS LINK that will take you to my online Investor Form that will both give me a better idea of how I can help you and let me know when the best time to reach you is. 

If you'd like more insights into the current San Antonio market climate, feel free to check out my recent article HERE. The key notes from this is that there is a very clear supply and demand imbalance creating rapid appreciation, inventory is low, the competition both on the investment and retail side is stiff, days on market are rapidly decreasing, and mortgage rates are still low! 

I look forward to working with you! Have a great day!

Chris Campbell || LREA: 732989

Realtor / Wholesaler

M: (737) 219-9132

E: [email protected]

New Western Acquisitions 

NEW INVESTOR SIGN UP FORM

@Valerie Longoria Awesome! Congrats, I'm glad this forum could help. Feel free to reach out if you have any other questions. I'd be glad to share knowledge and experience. 

Cheers!

I think it'd be best to clarify your end game. Are you purely looking for cash flow? I ask because at the moment, and as Joseph eluded to, with how little inventory there is to purchase here coupled with the massive (and still growing) demand for housing both on the investment and retail side, solid deals that will produce good cash flow are fewer and farther between and so heavily sought after that when they go to a multiple offer situations the margins dry up pretty quickly. You having something that is achieving positive cash flow at all is pretty rare to find in this market currently. 

For one, it's a historically strong seller's market so you could sell and possibly sell for more than you might initially think if your house is in a good area and in good condition. In some cases, even those things don't matter.

You mentioned how fast the value of your property has potentially appreciated in such a short amount of time. With this crazy supply/demand imbalance, rapidly growing population, maintained low interest rates for 30 and 15 yr mortgages, and the overall desirability of Texas / our particular region of Texas, our market shows NO SIGNS of a slow down in this appreciation for the foreseeable future barring some type of cataclysmic breakdown. What I'm getting at is, would it not be of better interest to hold on to this property and ride the wave and capture a greater absolute return rather than the quick buck you could make on the sale now? 

Lastly, is there any way you can adjust the situation as it sits currently to increase your cashflow. Could you change it to a STR? Could you make any cost effective improvements to the property that could fetch higher rents? Could you restructure the financials to make it a little better? Have you explored all the other options outside of just bowing out?

A key thing to remember is the issue of competition and inflation. Pulling your cash out of the bird in your hand to try and find a better one in the bush can be pretty tough these days - especially if that bird in the bush is something 1000 other people want and have the means to obtain. Letting your cash sit for too long will decrease it's purchasing power, especially in this current climate. 

I'd say clarify your end game and take in all the options before making a decision. I hope this helps!

Cheers!

Try making this same post in the San Antonio Contractors FB group. You'll shake the trees and get some numbers to dial. 

That would likely be the easiest way to have plumbers reach out to you or have others refer a plumber to you. 

Please do your diligence on anyone in advance. 

Cheers!

Chris

We're about to hit that hot buying season the middle of the year always brings. The current 30-yr FRM is just above 3% and the 15-yr a little below 2.5%. There's a massive flow of money being pumped into the economy currently and San Antonio is clearly one of the most in demand markets for Housing. 

Taking a project on within the next 30-60 days, and depending on the rehab needs of that property would position your fresh rehabbed home to hit the market either for sale or for rent where traditionally the demand is highest and you'll achieve a faster close at a higher price/rate than toward the end/beginning of the year. See this trend in the graph below taken from InfoSparks. 

If you are needing exposure to more discounted opportunities both on and off market, you can reach me directly at (737) 219-9132 or click to complete a very short Investor Form that will give me a better idea on how I can help you. It won't take more than a minute to complete and you can let me know when's the best time to reach you. 

There are no obligations or fees involved in receiving access to this inventory. Once we've had a chance to brainstorm a plan of attack I'll start sending discounted opportunities directly to your email, provide a detailed CMA with each property, and give access to you and your teams for physical inspection BEFORE putting any money down, submitting an offer, or signing a contract.

 - 10+ new opportunities weekly 
 - No commissions to me on top of the sales price
 - Zero fees associated with access to these deals 

Call right away if you need a deal right away. Otherwise I look forward to linking up with you soon!

Cheers!

Chris

The local Contractor Facebook groups are a good way to shake the trees and at least start putting together a list of numbers to call. Be sure to specify the extent of the work needed. Then it's all about vetting them out to the extent that you feel comfortable bringing them on to your job.

Another way you could track down GCs and trades is to go to your city website's permit portal to see who's recently pulled permits for their work. The city typically has their info posted there so you can get in contact with them. 

Key things to look for:

(1) Experience - however much you deem acceptable

(2) References - contact the last 3 customers they did similar work for

(3) Compliance - be sure they're following local rules in regards to permitting/inspections

 (4) Specialty - a lot of guys say they do it all. To me that's a red flag. Learn what they do best and what they'll need outside help with.   

 (5) Management - how do they plan and manage the execution of a project? Which parts of the job would they sub out and how do they manage that along with any permits that might be necessary for that trade work? What's in-house? 

 (6) Billing - how do they expect to be paid? What's their billing schedule? What is the Quality Assurance agreement? Is their a per diem agreement for past due steps in the project (outside of any crazy weather, health issues, or stop work orders) 

These are just some basics. I'm sure there will be a fair amount of additional input, this is a good subject to follow. 

I hope this helps!

Cheers!

The San Antonio market is HOT RIGHT NOW!! 

There isn't a lot of available opportunities but there's a MASSIVE DEMAND for them. We're hovering just over a month of inventory right now and our population is growing rapidly. The market is appreciating forcibly and quality houses are commanding a lot of attention and respect on the open market. 

I'm currently providing my investors 10+ new DISCOUNTED opportunities on a weekly basis. They're getting access for them and their teams BEFORE CONTRACTING, they don't pay me a commission on top of the sales price, and it isn't costing them a thing to get access to this deal flow! 

I'm looking to take on a few more ACTIVE CASH BUYERS that can take what once was a distressed property and turn it into a nice payday on a flip or achieve great equity accumulation/cash flow with a rental. Join my network of Serious Investors that are capitalizing on this crazy hot market. 

If you need a deal yesterday, call me directly at (737) 219-9132 to get updated on my current inventory. 

If you'd like me to reach out to you at a time that will work well for your schedule, take a short moment to complete this SHORT INVESTOR QUESTIONNAIRE and I'll follow up with you with more info on the deals I'm getting. 

Again, it will cost you $0 to get access to this inventory so you've got nothing to lose and A LOT to gain. 

I look forward to brainstorming your success in this market with you!

Cheers!

Chris

Check out my recent post about the San Antonio Market for more insights! 

Good morning BP Community! 

We've got some neat things happening in the San Antonio housing market that I felt like sharing with you on this fine weather Monday morning! Strap in for stats and things!

We're half a month removed but I wanted to highlight some YOY data from February as well as some interesting info I found on the MLS regarding Recent Rehabs that closed last month.

 - First off, February added just over $42,000 to the average sale price across the MLS over the same time last year. This is a 15.6% jump in a year's time! The average Sold $/sqft jumped by 14.8% as well! 

 - We removed almost an entire month from our Average Days on Market over the same time last year. 

 - Here's, to me, the most interesting bit. Our active listings were down by roughly 54% in February YOY where our Closed Sales were only down 4.2% from last February. We're hovering just above a month of inventory. The demand is there and growing but there really isn't an abundance of available opportunities.

Here's how that's been effecting investors that are turning properties with quality rehabs. Last month, 62 properties listed as a Recent Rehab across Bexar County closed ABOVE their list price by an average of 2.54% and sold in an average of 27 days on market. If you apply this data to February's Average Sale Price (~$313k) that would add just under $8k to your final sale price! Quality work is being rewarded in this market!

This market is red hot and still heating up. To add a little perspective, from 2010-2019 San Antonio's population grew by just over 221,000 according to the Census Bureau ranking it in the top 5 for fastest growing cities in that time. The going estimate is that San Antonio will add ~1 million people to our population by 2040. This means (ON AVERAGE) we'd have to add roughly 50k new residents to the city every year, or just over 4000 new residents every month to hit that projection. There were 4266 active listings last month according to InfoSparks.... WE NEED MORE HOUSES!!! 

I found this info interesting and I hope these insights provide some good value to the investors and/or agents working this city. Let me know what you're seeing in the market. I'm consistently seeing deals that seem a little tighter at first work out great for my flippers by the time they turn around to flip it both from selling for a higher price than initially projected and with how quickly their remodeled houses sell! One of my investors had to take his house off the market so that he'd stop receiving calls on it. He got overwhelmed with competing offers the first week it hit the market. NUTS!! 

Have a great week!

Cheers!

NICE!! Is this in Tobin Hill or a neighboring area?