All Forum Posts by: Christopher Campbell

@Megha Sharma

The market here is so competitive because there's a clear demand for affordable housing that the investment community can capitalize on at lower costs of entry vs other major metro cities. Local crime rates in certain areas of town are lower relative to other major cities and although property taxes may pose an issue in certain investment opportunities there are still a lot of great options to be had in the SF and MF space so long as you can compete.

With that, as I explained, there are areas of town that are appreciating well where you can still positively cash flow. You may have to invest off the beaten path and may have to do a little(or a lot in some cases) rehabbing to achieve this but having a strong team in place really helps to facilitate your goals. The market for relatively turn-key investments is almost irrationally competitive especially when it comes to the MLS. Getting to know players in town that can put solid off-market opportunities in front of you can present tremendous advantages if you're well prepared.

My first priority when starting out with out of state investors or newer investors is to get them introduced to as many key players as I can within my network. Of course it is always important for the investor to do their due diligence in all situations before taking any major steps but you'll need help to get started; you won't be able to go it alone without making avoidable and potentially costly mistakes. Getting to know experienced and reputable brokers, contractors/trades, property managers, can really boost your ability to act with confidence. You know what they say about your network. 

Hey Andy,

The market is very competitive but my investors are still doing well across all strategies. BRRRRing is a great strategy and you can facilitate great returns in lower risk areas of the market here since you're newer to this. I'd recommend networking and building a strong team so you can act with more confidence as you get closer to making your first deal.

There are areas you can cash flow well and there are some where you can capture on notable appreciation as well. It's very competitive for these, you have to either compete on time or price(within reason). Being ready with your team in place will really up your game. I'll be glad to share knowledge and experience. 

Cheers! 

Your budget will do well in the San Antonio market but you'd have to set up a team here first. From there, filtering deals will become a little easier and you can approach the investment with more confidence. 

San Antonio is very competitive these days but it's for good reason. The dynamic of the city provides great opportunities to investors that like to flip or hold. I'll be glad to share experience and local knowledge. 

Cheers!

There are some great books out there that might help clarify some things for you in advance or at least while you're continuing your real world education in Real Estate investing. A book I found very helpful when I was getting started is FLIP by Rick Villani and Clay Davis. See the resources listed here and check out the Youtube channel, there's a lot of great and free information. 

There are a lot of moving parts in rehabbing properties for profit and being able to see the bigger picture makes it easier to break it down into manageable parts to be more efficient. There are always going to be bumps in the road but as long as you can keep pushing through the market here will provide great opportunities for you. 

No matter what the business extracts its tuition so as you continue to move forward in the process, the time/money you feel like you wasted is serving as the best possible classroom platform to help mold you into a successful investor for the long term. Keep pushing forward and you'll get better with every project. 

I'll be glad to help and share experience!

Cheers!

I can feel the pain, I lived in Austin fro 4 years and the appreciation I saw in that time was tremendous but finding a good cash-flowing deal there was pretty tough.

I specialize in the San Antonio market now and am finding that although it's INCREDIBLY competitive in the small multi-family space, you can still find good cash-flowing multis in areas that are experiencing solid enough appreciation to make it worth while. Buying off appreciation is still somewhat speculative especially if you're buying outside of your local market but luckily San Antonio is just up the road. 

I'd be glad to help and share experiences with you if you'd like to explore San Antonio a little further.

Cheers!

San Antonio is a great market for this. Like most major metro cities it has a wide variety of opportunity but a shortage of affordable housing, much lower costs of entry and lower avg DOMs across the bed counts relative to other major cities. 

Although it's extremely competitive here there's still a lot of great opportunity if you can manage a team from where you are. Networking is key and getting to review a lot of deals to learn the city better helps a ton. I'd be glad to share my experience. 

@Israa Ajam

The On-Market game is tough here. Right now there’s so much competition for small multis that the moment one hits the market the sharks are all over it and the multiple bid situation prices a lot of people out.

Have you been able to connect with any sources of Off-Market inventory? Although much of it may not make complete sense for you, you may have better luck at getting in front of opportunities that you can capitalize on before they hit the market. You’ll have to have your ducks in a row to give you the ability to act with enough speed, especially with FCFS deals. Having your financing in order, contracting/inspection teams in place, and property management/listing agents or brokers involved as early on in the process as possible will give you the competitive advantage you need and the confidence to go for the right deal when it comes along.

Network network network! Best of luck!

Cheers!

I'm looking to connect with serious cash buyers or hard money buyers looking for their next Fix and Flip, Buy and Hold, BRRRR, or Seller Finance opportunity across the single family, small multi-family (2-10 units), commercial, and vacant lot spaces here in the steaming hot San Antonio market. 

As a local agent, I've seen a tremendous rebound of activity in our market. There are times when I'm having trouble keeping up with the demand but I'm bringing in roughly 50-60 deals on a monthly basis. These come in all different shapes, sizes, conditions, and price points. I provide these opportunities to my investors free of charge and they're able to capitalize on deals that the majority of the market never gets to see. I'd love to bring you on to my buyer's list and provide the same opportunities to you. Check out some of the deals we've sold this past week:

 Let's connect! I'll provide you with a head start for your diligence with Sold / Rent comps in the subdivision with each deal, access for you and your teams in advance to contracting, and a constant/consistent flow of deeply discounted off-market deals for you to analyze and capitalize on!

I look forward to speaking with you! Call me directly or connect with me here to chat more about your investing style and criteria and let's work together to put the right opportunities in front of you!

Cheers!

Criteria is an important factor. If you're just trying to get exposed to deals you can join the Facebook groups, look on Craigslist, connect with wholesalers, online marketplaces, there's a lot of different ways. 

Good deals move VERY fast in this market so you'll want to give yourself the best competitive advantage by having your ducks in a row in advance. Investment properties come in all shapes, sizes, price points, and conditions so you'll likely need to have strong construction experience or a good crew you can rely on to handle the rehab. Of course you won't be able to move without the financing being in order so it'll help yourself and whoever you work with by determining what type of capital outlay you can handle. There are different financing methods and as always cash is king. Lastly if you're flipping, working with a good listing agent that doesn't just specialize in selling suburban new builds and preferably has some flipping experience themselves is a plus. If you're renting, having a good property manager involved if you won't self-manage is a big help. If you're creating notes that's a totally different story but most of the elements still apply. 

If you've got these things worked out then you can narrow your criteria and start hunting down deals. Get on people's lists, network with local pros, and the ball is rolling. 

Cheers!

Agreed. I haven't heard too many good things about the 203k rout either. The good news is that, like Joseph is alluding to, there are different financing methods you can use to achieve the same goals. You may need to get a little creative. Networking with hard/private money lenders, traditional lenders, and doing some more research into the finance aspect of REI could do you some good.

If you plan to refinance it'd be a good start to have that duck lined up in advance. From there you'll be able to determine the best rout to take for getting the deal done plus whatever rehab it may need. You could talk to the different lenders about options and shop the best fit for you. I think there will be a bit of competition in your favor if your exit strategy is lined up. Plus, from what I've experienced, you'll typically be able to come out with a solid chunk of equity to continue your plan.