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All Forum Posts by: Seth Teel

Seth Teel has started 56 posts and replied 554 times.

Post: STR in San Antonio Area - Houses with HOA

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

@Naz Hossain

This was a test case that went all the way to the Texas Supreme Court. The ruling creates case law which can be applied to other cases regarding any HOA in Texas. Basically, this rolling says in the State Texas HOA restrictions regarding STRs are not applicable as long as the renters and lessor are using the property for a "residential purpose." Which is mentioned in the article and defined in the ruling.

Post: STR in San Antonio Area - Houses with HOA

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

In 2018 the Texas Supreme Court ruled on the side of Short-Term Rentals and their owners stating that HOA deed restrictions banning STRs did not apply as long as it was a "residential purpose" for the the short-term renters:

“So long as the occupants to whom Tarr rents his single-family residence use the home for a ‘residential purpose,’ no matter how short-lived, neither their on-property use nor Tarr’s off- property use violates the restrictive covenants in the Timberwood deeds,”

For more detail on the case and how it applies to HOAs across the state, here's the link:
Texas Supreme Court sides with short-term renters, likely bolstering state's fight against Austin's ordinance.

Keep in mind Cities still have the right to regulate and tax STRs. 

Post: No-Pitch REI MeetUp 3/8/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

See y'all tonight @ Joeys (2417 N. St. Marys SATX, 78212)
6pm - 8pm
FB Event Page:https://fb.me/e/3jpEl1IFK

Post: No-Pitch REI MeetUp 3/8/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

One week from today.

We hope to see y'all there!

Post: No-Pitch REI MeetUp 3/8/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

Hey Y'all,
We will be hosting our next MeetUp Wednesday 3/8/23, 6pm-8pm @ Joey's (2417 N St Mary's St, San Antonio, TX 78212).
So, if you're an investor, agent, contractor, lender, or just interested in learning more about real estate investing, please join us.
This will be a casual happy hour style event. All are welcome.

There is no cost to attend.
We hope to see you there.

FB Event Page: https://fb.me/e/3jpEl1IFK

Post: No-Pitch REI MeetUp 2/8/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

See y'all tomorrow 2/8 @6pm.

Post: No-Pitch REI MeetUp 2/8/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

Hey Y'all,

We will be hosting our next MeetUp Wednesday 2/8/23, 6pm-8pm @ Joey's (2417 N St Mary's St, San Antonio, TX 78212).

So, if you're an investor, agent, contractor, lender, or just interested in learning more about real estate investing, please join us.

This will be a casual happy hour style event. All are welcome.
There is no cost to attend.

We hope to see you there.

FB Event Page: https://fb.me/e/2ujWTAUoU

Post: Where have your investment purchase deals come from in South TX?

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

The vast majority (averages over 80%) of our acquisitions come from word of mouth; friends, neighbors, other investors, agents, etc.

Of the last six we purchased two were from wholesalers, the rest were teed up for us by folks in our network. 

That being said, we are we source leads from the MLS, Internet Marketing, Mailer Campaigns, driving for dollars, as well as word of mouth. Marketing needs to be multi-faceted in order to make sure you're farming from all potential sources. We've just found that our conversion rate is significantly higher when the lead comes from someone in our network.

Post: No-Pitch REI MeetUp 1/11/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

See y'all tomorrow 6pm - 8pm @ Joeys!

Post: No-Pitch REI MeetUp 1/11/23 (Wednesday)

Seth Teel
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 588
  • Votes 584

@Estrella Carolina Mckinney

There is a full bar, as well as food that can be purchased. 

We hope to see you there.