All Forum Posts by: Jeffrey Richard

 not accurate. 

 Section 8.

I had an AMHA approved tenant sign an "as is" lease for my rental property. The tenant had already inspected the unit before signing the lease. However, on move-in day, the tenant claimed the unit wasn't clean enough and refused to move in, despite my offer to clean whatever was needed the next morning. The tenant then stopped payment on the security deposit.

1. Should I contact AMHA first to inform them about the situation?
2. Can I pursue legal action to recover rent for the full lease term (12 months) since the tenant signed the lease?

For those who have flipped houses in multiple cities across Texas or Florida, which ones stand out as being on either end of the spectrum in terms of how difficult and time-consuming the permitting process is? Are there any that you avoid due to permit hassles?

 Thanks for the response. 

We typically invest in long term single family rentals but open to anything that works in this market. 

We are not local but have some local boots on the ground and will be there soon to start looking for properties. 

Hi BiggerPockets Community,

I'm considering investing in the San Antonio real estate market and would love to get your insights and advice. I'm particularly interested in the cash flow and appreciation potential of the market.

1. What are the key pros and cons of investing in San Antonio from a cash flow perspective?
2. How about from an appreciation standpoint? What factors drive appreciation in the San Antonio market?
3. Are there any specific neighborhoods or areas that you recommend focusing on for good deals?
4. What are some effective strategies for finding good deals in San Antonio?
5. How do you see the San Antonio market evolving over the next 5-10 years, and how are you adjusting your investing approach to align with your expectations?

I'm looking for financing options for real estate investments with purchase prices of $60,000 or less, or refinancing for properties valued at $75,000-85K or less. Local options I've found have higher interest rates that don't make sense for my investments.

If you have any recommendations for lenders or creative financing strategies that could help me achieve my goals without high interest costs, please reach out.

 You're not concerned it's just not a great time to buy right now? I currently own MFH in the partnership in Ohio and they are a nightmare, high turnover, high complaints, constant problems.  The cash flow looks amazing on paper but in reality it doesn't come close.  You don't have this issue? 

I am looking for more potential section 8 properties; but just concerned about it not being a great time to buy. 

In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.

They are worth about 200K total. 

I'm wondering what the next step should be.  Refi? What til rates/prices drop to refi? 

Sell them and put a down payment on something bigger? 

There are so many "experts" out there.  So many articles show up on my feed with the "experts" predicting whats happening next..

Who should we actually listen to?