All Forum Posts by: Seth Teel

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

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

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

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.

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

@Estrella Carolina Mckinney

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

We hope to see you there.

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!