All Forum Posts by: Jose Campos

I would love to see what you guys have to offer for my rentals. Thanks!

Texas in general and San Antonio specifically although property taxes suck.

You can have someone come check out your foundation but depending what kind of foundation it is it may need some work. Can also wait for the inspection to come back and see what they request and then agree to make any updates or work done. But sounds like you want to be proactive which is great! Not sure a solid foundation inspection will be $100. My engineers usually charge about $400 to certify or come check out etc and give you a stamped letter.

Hey ya'll looking for some reliable and professional, trustworthy plumbers and AC's tradesmen/women. Would greatly appreciate any recommendations or suggestions. Would love to form a relationship where I can provide them consistent work in return for fair prices and reliable and timely service.

Thanks BP community!

I have only ever done one eviction and it was quick and rather easy. It was in June 2020 in the thick of it and these are the lawyers I used. The Bowen Partners, Attorneys at Law 4940 Broadway St., Suite 215 San Antonio, TX 78209

I believe I worked with Kris. Good luck!

@Ben Darby I personally do not believe SA is overvalued. I believe most things are relative. If you look at Texas in general, growing economy, great location with ports and access to Mexico and Latin America, work force and incoming flow with domestic migration and immigration. Where I am going with this is I see Austin, Dallas, and Houston and think okay expensive or maybe already boomed (not sure if overvalued as Austin is a tiny city and everyone and their mom is moving there) and SA is finally hitting its stride. Locally here we have always said this city is going to blow up and it's been coming. What is weird is seeing that actually happen and being in the midst of it. I have coffee shops here and we have been expanding for sometime around the downtown area. Real estate is just my investment strategy. I see a lot of people coming out of state here but I also see a lot of people from Austin who just cannot afford their city anymore moving here or investing here, buying up an STR (short term rental). It makes sense. They see it as cheap and so do outsiders. So if you look at the numbers here, in absolute terms SA is getting expensive, for locals who have been used to cheap or undervalued, but relatively it is still affordable. I mean go to Austin (1.5 hour drive away straight shot in 35) and price per sq. foot is upwards of $350 on the low end with averages around $500 plus which is crazy (for good location) while here we are inching closer to $300 but still around $200s give or take. Also, SA is the second largest city in Texas and 7th largest in the nation.

I bought a duplex several months ago by the Pearl and made it into a triplex and now just bought another (2) single families and another duplex all decent deals in great locations in decent shape for $108 to $120 a sq foot.

Colorado is awesome; was in Denver last year and had a great time.

Would love to talk on the phone whenever you would like. Maybe later next week?

Welcome to BP and awesome to hear you are thinking off pulling the trigger on your first investment! So just gonna respond to your points and share my opinion:

1) Fed makes lots of comments and usually has more of an immediate effect on the stock market. I remember Alan Greenspan saying we were great and good to go and then boom crash. I take what they say with a lump of salt. The Fed has been printing money for over a decade and been doing QE for sometime now (EU Central Bank as well) and we are only starting to see prices go up now. If you are doing long term buy and hold and not hoping for appreciation then that should not matter so much to you.

2) Unemployment has dropped significantly at around 6% now even if that number is off and recent jobs reports were lack luster. Eviction moratoriums are gone and regardless I evicted a tenant in June 2020 back in the middle of the thick of it. Not sure what you mean by mass migration but I am in SA, TX so that is a good thing for us since everyone is coming here.

3) Inflation is finally upon us to some extent but again depending on your strategy not too scary. I believe there is a difference between higher demand and overvaluations. I would disagree and say that here at least we are seeing demand far outweigh supply. Basic economics and thus not a bubble. Again, regardless of a bubble or not (which no one knows) buy and hold and make sure it cashflows and you are golden.

All I am trying to say is go for it! Might as well find out if you can make this work or not and no better time than now! Just do your due diligence and make sure the numbers make sense and do not panic buy. There are deals out there. Closing three purchases this week.

That's awesome and looks great! Congrats! I am also trying to finish up the details and finishing touches on a duplex I have been renovating. Would you please share Robert's contact info? Can I reference you?

Thanks!

Security Service Federal Credit Union is the best by far! Hands down cannot beat 2.625% fixed 15 years. They have a ton of volume though so slow and tedious but get it done. Also have an option with a higher interest rate where they pay for all closing costs which is neat and may make sense at times. Also they have their own title company and thus do everything in house and control costs

If you have good credit and consistent income with at least two years of history you can definitely pull the trigger! Depends on your goals but as long as property cash flows and you feel comfortable then do it!