All Forum Posts by: Account Closed

Does 2-4 unit's appreciate in value according to it's NOI?

...or are 2-4 unit's valued by comps like SFH's?

National average annual rent increase is 3.4%...who's raising rents annually in San Antonio area more than that?

How many flips a year can you do on average in San Antonio?

@Caleb Heimsoth

I appreciate your response... even though it is somewhat arrogant. Curious about your response, so I went and read your profile...now I understand!

Your thought process is way too minimal and inhibits your ability to greatness...with all that 'educational knowledge' you achieved, why are you holding your future abilities back by expecting only 20 unit's from 2020-2030?! For one, and this is just my personal opinion based upon all my DD...I'd get into markets where the job growth is substantial as is the migration, purchase 'B' class properties so your ability to raise the rent at a minimum 3.5% national average is achieved annually and many other factors I'd suggest as well, but the biggest would be to look elsewhere other than Memphis, etc.

As for getting to 1,000 units within 20 year's it's very possible! Every 3-5 years I'll move up in unit's...ie. 8-12 to 32 to 80 to 150 to 400 to 1,000...

Good luck and much success to you!

If you could begin your RE journey all over again knowing what you know now, how would you invest $250,000.00...??!!!

I'm a recent US Navy Veteran currently residing in California; and over the past 6 mths I've found myself 24/7 compiling all the statistical data I can utilize to dial in to which market I'll be breaking into the multifamily rental property game. I've decided on my coordinates...the San Antonio - Dallas - Houston triangle; now the decision how to use that $250K in the most logical manner possible.

My goal: to attain 1,000 unit's in less than 20 year's using the @BrandonTurner and @GrantCardone methodology.

So; respectfully I ask...if you were me and had $250K in capital to begin this journey to achieve a goal of 1,000 unit's in 20 year's knowing everything you know now...what would you do?

@Sterling Williams and @Jaime Sepulveda ...I personally thanked you both, because both your responses were as useful as they were appreciated!!

@Rick Pozos ...I agree 100%; but as the two gentlemen above mentioned, it was that type of insight I was looking to hear back. The general aspect as to questioning 'why' to anything, I agree with you all the way...certainly as to my Military experiences reflecting back on 'why' certain outcomes  occur or don't occur as well. Thanks for the response and congratulations to you and your wife in what I'm sure is to be a beautiful piece of history you just updated!

@Sterling Williams

Sterling...

First and foremost, I would like to say thank you for taking the time to respond and especially for such a thorough one! I thank you.

I'm still curious though as to why...you answered the who candidly. Why would tenants choose one of those new 4-unit townhomes (...going for $550K) to rent for about $,1250/mth when I see many SFH's being rented for $1,200-1,400?

For me, I like the idea of those "new" 4 unit's to be my first purchase because for the next 5 year's my maintenance will be minimal due to it being brand new. However; it seems my competition will be SFH's and that's why I'm wondering why one would choose a lease in one of those over a SFH? My alternative is to purchase your typical 4 unit upper and lower BUT now you're into 'C' & 'D' class properties. I suppose like you said you could always be the 1st to undercut the market and advertise lower monthly or offer concessions.

Hi y'all. I'm a recent Navy Veteran living in California w/my home just recently listed. I'm looking to walkaway with about $250K in capital to purchase my 1st rental investment property. I've done all my DD and have chosen San Antonio...preferably Live Oak, because it's access to the I35 corridor, proximity to San Antonio and Austin and it's recent growth with that Ikea shopping center, etc.

My question is; why would tenants choose to rent out a unit in one of those 4-unit townhomes for $1,250/mth when they can rent out a SFH for similar $rent? Granted many of these 4-unit townhomes are brand new and approximately 1,250' sq ft, but some of the SFH's are almost the same $rent and 2,000' sq ft. I'm curious who would be my tenants...my plan is to purchase (2) 4-units giving me 8 doors right off the bat. Good idea? Any insight, experience or knowledgeable help will be very appreciative!! Thanks.