All Forum Posts by: Seth Teel

Hey Y'all,

We will be hosting our next MeetUp Wednesday 1/11/23, 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

New Braunfels is not STR friendly at all. If STR is not allowed by right, you can either try an re-zone the property or get a special use permit. They SUP requires public notification and a public hearing. All properties owners within a certain radius of the subject property will be notified via mail of the special use request and hearing date. The mailer they send has checkboxes (For or Against) and a comment space, and can be sent back to the city in lieu of attending the hearing. Both the City and the residents tend to fight STRs, and especially SUPs. They have approved very few over the last couple years. NB's handling of STRs has been so egregious that one of our clients has even filed suit again the City.

If you haven't purchased the property yet, I wouldn't count on getting a SUP approved.  Run your numbers for a long term rental; if it still makes sense, full speed ahead. Then apply for the SUP, and if you get it, it's icing on the cake.  If the numbers don't work for LTR, and you're still interested in STRs in New Braunfels, I'd try to source a property that has them allowed by right.  It's my understanding commercial zoned properties in NB are not subject to the ordinance.  There are several houses that for one reason or another have been zoned commercial (at some point) but still operate as homes.  

Hey Y'all,

We will be hosting our next MeetUp Wednesday 11/9/22, 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.

@Chad Brown  Thanks for joining us.  We hope to see you again!

Just a reminder:
Tomorrow Wednesday 9/14/22 is our monthly REI MeetUp.

REI MeetUp

DAY/TIME: Wednesday 9/14/22, 6pm-8pm

WHERE: @ Joey's (2417 N St Mary's St, San Antonio, TX 78212).

COST: None

Bring your deals, pitch your services, network with fellow investors, contractors, realtors, and small business owners.

This will be a casual happy hour style event. All are welcome.
We hope to see you there.

FB Event Link: https://fb.me/e/1PCkzqvQ2

The standard TXR lease will work.  http://content.har.com/FormMan...

Hey Y'all,

We will be hosting our next MeetUp Wednesday 9/14/22, 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 Link: https://fb.me/e/1PCkzqvQ2

Definitely depends on the class of rental, other property types in the area, and the cost of monthly rent.  

You can't charge $2,500/month and rent and have window unit (yes there are some exceptions).  Alternatively if your in a Class C rental area with older homes and most properties don't have central HVAC, then window units will likely fine.

When it comes to space heaters, my concern isn't the use of a space heater, but the quality of the current electrical system in the house.  Are the outlets grounded? Is there aluminum wiring? Is the panel knob & tube?  It's usually not the space heater that causes the fire, but faulty electrical systems or those that cannot accommodate the load.  

Hey Y'all,
We will be hosting our next Real Estate Investor MeetUp Wednesday 8/10/22, 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

We have an off-market property for sale in San Antonio.  Located in the near Southwest side, just South of I-90 and just West of I-35 (78225).

SATX 78225
Main House: 2 beds, 1 bath, Carport, 1,041sf
Detached Unit:1 bed, 1 bath, 400sf
Zoned: R-4
Repairs: Needs leveling, Central HVAC (if desired), some plumbing, cosmetics.

PRICE: $125K  *CASH OR HARD MONEY ONLY!!!
** No option or inspection period. Conduct all due diligence prior to contracting the property.
*** $2000 Non-refundable down payment required to contract the property.
*** LINK TO PICs ***