All Forum Posts by: Gary Nicholson

Can anyone recommend a solid property management firm in San Antonio? I have a single family home there I want to rent out.

Has anyone ever used a company called Peace of Mind?

Thanks!

Converse Texas is a good area. It is a suburb of San Antonio. Lots of new stores and shops going in and the market is on fire!! I just purchased a SFR there and the rental market saturation sits at 20%.

@Jonathan Orr Thank you. This makes a lot of sense. I really appreciate it.

@Matt M. Actually no. I'd be paying a lot more than what I am paying now in rent. Good point! 

I live in southern California. I am considering a multifamily unit, but the real estate prices are high here. If I bought  say a triplex, I could live in one unit and rent out the other two, but I would still have to pay my part of the mortgage, so no positive cashflow. Is it worth it doing this? Or should I consider buying in another market? Triplexes here are around $850K+ I could hold on to the property for appreciation, but I wonder just how much they would appreciate since they cost so much?  Thank you

@Jo-Ann Lapin Thanks! I'm guessing you mean "end buyer" meaning I would need one to flip a property in this location? Thanks again. 

Hello BP users! I just recently flipped two raw land parcels in 2 different states and realized a really great return on both after some initial land improvement investments. Now I need to reinvest the cash I'm sitting on.

I have been slowly looking into Tulare County California which is pretty much in the Sequoia National Forest. My question is, does anyone have any information or experience in this county as far as investments go for:

Raw land-buy, hold, improve, flip

AirBnb investments-Build and rent out

Water table is high out there (280 feet or less) sandy soil for good perk(septic). Power is hit or miss  depending on where the property is located,etc. Solar is an option for an off grid AirBnb property so there is that.

Thank you!

Hi all, Can anyone here recommend a good realtor who can work with me in Joshua Tree? Im looking to invest in a SFR for rental/vacation property. Thanks!

Hello all, 

I have a 10 acre investment property that I am about to build a SFR on and rent out for AirBnb. I own the property free and clear. I have the plans completed and I'm currently waiting for the county to approve the planset. I have a general contractor I will be using for the ground up build.
 

Now, I am looking for lenders. Can anyone recommend some lenders? I have been developing some leads on my own, but wonder if they are good, trustworthy, etc.. is there a way to check out a bank or lender? I looked up some on Bankrate, but I am not sure how the scoring works. Other than personal reviews, how best to check them out?

Ideally, I would like to find a loan with 1 closing - Construction to perm. Perhaps a 7/1 or 5/1 ARM during construction with a 3.3% interest rate and then post construction, modify it to a 15 or 30 year fixed mortgage with the original lender or else another one of my choosing.

So far I have been looking hard at Johnson Bank which appears to have very favorable construction loan terms. Other than that, I do not know much about them. 

Would a hard money lender be a better route? I plan to be done with construction in 6-8 months max then fold into a mortgage. Once this project is done, I plan to develop other projects as the area I am developing is hot for tourism. 

With that said, if any investors are reading this, perhaps we could chat further as I would really like to find a partner to develop more properties for this area.

Any help would be greatly appreciated!

Thanks all for the advice and feedback. Dead equity - had to look that up but makes a lot of sense to me. Partnership idea - Something for me to think about for sure. Thanks for that. Thanks again to all who responded. Some great advice as always from the BP forums!