All Forum Posts by: Gonz Trevino

I have several homes making me 500+ a month in Texas. There are good deals out there... you just have to dig deeper than the MLS. Good luck!

My advice... never buy a property you break even on. You should definitely be making at least a few hundred bucks a month. What if you're going for appreciation and the market goes down, and you have negative equity and you're losing 200 bucks a month? Are you willing to hold it for 4-8 years until the market recovers? Always make money on every investment. That's the best advice I can give. I went a little out of the beaten path and bought a house in round rock. Pflugerville, Kyle, Hutto, Round Rock, East Austin, San Marcos, New Braunfels, San Antonio, Del Valle... there's plenty of decent markets within driving distance. Let me know if you want to dig deeper I'm happy to share my findings! I'm at 5 single family properties.

I have purchased 5 rental properties... some in San Antonio and some in Austin. I know some really good realtors. Send me a private message and I'll connect you. :)

Hit me up. I own 5 properties in the San Antonio area and have a small handful of really good agents I've worked with. Send me a message and I'll sync you up with them. :)

That's still good. I had similar numbers on one of my rentals in San Antonio. In the process of cashing it out now. :) Good luck! NB rocks!

Look into wholesaling. A lot of the strategies you learn in wholesaling can be applied to properties that you keep for yourself. :) You can find yourself an owner finance deal, a house that needs some repair love that you can do yourself, etc. Also DFW is massive... while real estate as a whole is probably experiencing a little bit of a bubble... It doesn't mean there aren't phenomenal deals out there. Look at the suburbs on the outskirts of Dallas and see if you can find something good. Best of luck!

My recommendation right now is to increase the value of your human capital. Do this in these two main ways. 1- increase your knowledge 2- increase your earning potential and then concentrate on acquiring savings and good credit for investing. For number 1 you're going to want to watch bigger pockets podcasts on YouTube, read great books like Millionaire Real Estate Investor, Hold, The One Thing, Think & Grow Rich, etc. Keep learning more and more always! For number 2 you're going to want to do a lot of research and find a job or career path for you. You can be an entrepreneur and use apps like Uber / Lyft and Favor (if it's in your area) to make money while you find something bigger and better. Look into trade school too. The average person that graduates from trade school makes about as much as a person with a masters degree I believe and it takes 6-9 months instead of 6-8 years and is way less expensive. A lot of those trade skills are applicable later as a real estate investor so you may consider looking into plumbing, electrician, welding, etc. Those skills will make you good money while also helping you greatly during your future real estate investing goals. Good luck!

Originally posted by @Alice K.:

Thanks Gonz!

it really depends on your goals... because the KW system is the same almost everywhere. Somewhere around the 2-3 million mark in sales you hit a cap and they no longer charge you commissions for the rest of the year. Also their training is superb. 

Good luck!

Great work! Keep it up. San Antonio is a phenomenal market. I think you will find some great options here. :)

There's a lot of great strategies for Texas. This state is possibly the best state in the country for investors. It is AMAZING!

I have an investment property in New Braunfels, Austin, and many in San Antonio. Great markets to invest in! The I-35 corridor is great I would pay a lot of attention to San Marcos / Kyle / Buda in neighboring Hays County and I think Seguin and Northeast San Antonio are great too. The I-35 corridor between San Antonio and Austin is the fastest growing corridor in the country. That's going to have some great rent and equity appreciation.

One thing to keep an eye out for... from my experience, suburbs can suffer a lot during a market downswing and sometimes even more when a major city crashes around them. Suburbs are even more dependent on the biggest industries in a major city. A city like Houston would likely swing back around in due time even if it has a crash in the energy sector because of its strong medical, education, labor, import / export shipping ports, technology, etc.

So to break down Texas... you're most likely going to want to invest in the major cities.

San Antonio - Best city in the state to invest in my opinion. Its prices are low and the economy is growing at an incredible rate. San Antonio is constantly underrated and overlooked yet it is making some of the best investment returns for me by far. I can still buy inexpensive, rent them very quick, and my rent and equity appreciations have been amazing. Underrated like the Spurs but always impress!

Austin - Second best metro to invest in. It is a little riskier because it is pricey but if you look in the suburbs (Round Rock, Pflugerville, Kyle, etc) you can get some AMAZING deals and capitalize on the beyond ridiculous appreciation Austin is experiencing right now.

Dallas - Third best metro to invest in Texas. Great sectors and tons of growth. You never go wrong with Dallas and full of great places to get great deals.

Houston - Great growth with fracking and energy growing it is the oil and gas capital of America. It's going to be a great market to invest in but there is a tiny bit of risk with a drop in the energy sector and a potential hurricane too. Most houses there get hurricane insurance however that's an extra expense.

Good luck!!!