All Forum Posts by: Conrad Metzenberg

Hey Richardo, pick up a copy of David Green's long distance real estate investing.  That is what I used as my play book.  After you've read that you gotta pick a market.  

I love my san antonio properties

Hi Alexandra,

So with our local market I think finding capital is only one of the challenges.  Here I wouldn't look for a hard money lender, I'd look for private money; meaning i'd find a local wealthy individual and partner with them.  
The second problem you will hit is finding a reasonably priced contractor.  Right now they are all swamped with work and are charging ridiculous fees.  This will make your margin just about impossible to keep in the black for a flip.

Brandon is a very encouraging guy but I try and remember when he go in to the market, i believe this was around the financial crash of 08.  There were lots more deals in just about every market. 

San Antonio has worked well for me. I haven't found anything in a B area on MLS that hits 1%. However, all my deals have been off market and are 1% deals.

My realtor introduced me to a contractor that lives in her subdivision.  He's done right by me and saved me some money. PM me if you want his info

i35 is an area i like too. 

So I’m ready for a new property manager. A realtor I like working with has started working with Cop Properties, operated by Todd Cop. They’re a fairly small outfit and there aren’t that many reviews to go off of. I was wondering if anyone has had any dealings with them they’d like to tell me about? If you don’t want to post please shoot me a message, I’d be most grateful for any insight.

Thanks, 

Closed on our second property, a duplex, in NE SA. I'm bullish on the i35 corridor. There are 1% deals out there that can be picked up through wholesaler. I'm yet to find anything that if a full BRRRR, everything i've bought requires a bit of cash left in the property.

@Jason Hirko, I agree.  That place looks like it would sell avocado toast lol. 

@Joshua Enriquez do you have any rental trend data for that area?  I'd be a lot more comfortable as an investor if I saw  rental rates going up as well.