All Forum Posts by: Jonatan Barbera

Hello BP! My company  has recently started doing a monthly market update for the San Antonio TX market. We show you trends and stats to help you become a better investor.

Moving forward we will be adding more information relevant to the market and different investment strategies.

Please  to make sure you always get yours!

Hello Mohammad Haidarasl Reach out to me and I'll sit down and show you how to run comps. It's not something that can be explained here. But knowing what the right exit strategy and the right buyer for this house is very important.

One of my issues is not being able to connect with someone through the mobile app. I have to use my laptop but then I forget lol I guess just making the app better.

Hello Courtney Cain I deal with purely rentals in San Antonio. The market isn't producing very good returns for multi family but we are getting 25% CCR on SFR. If you ever want to talk feel free to reach out.

Hello Jacqueline. I actually started in the real estate world with no money and no education. I did it through partnering. One thing I can tell you is that you really need to be careful in the partners you pick. A lot people talk a good game but that's all it is. Partnering with realtors isn't any better specially now that everyone seems to be one. I recommend first figuring out why you're looking to get into real estate. Then find someone with a proven track record in that field. You can do this at Reia's. I recommend the Alamo REIA as it is not Guru lead nor is it a pitch fest. Once you find someone worth partnering with make sure you can provide value for their time. If you have any questions feel free to reach out. I'm not looking to partner so don't worry about me "pitching" you.

Hello @Curt Riffel , well because real estate is so hot here, you have many people that want to get in but don't know what they're doing and they decide to start with flipping. They'll buy a house from some of these wholesalers or wholesale companies that inflate ARV and lower repairs so these inexperienced flippers end up losing money or barely breaking even (which in my opinion is losing)

San Antonio has a few pockets that make sense to flip in but people know this and they're selling these houses at a price that doesn't make sense to flip. I know a few really savvy investors that are flipping successfully in SA but even for them inventory is running low.

Now, I'm not saying there aren't any flip deals in SA. All I'm saying is that for the risk you take when flipping, I don't see any deals worth the risk. 

What does work great here is buy and hold. Rents are going up a lot right now because of the jobs here. That to me is a smarter investment.

Hello Tyler. Flipping is already an advance and risky strategy. What I recommend is doing research on top flippers in those areas, verify that they truly know what they're doing, and that they know how to make money. Then try to partner with them. There are a lot of "flippers" here in San Antonio but not many actually making money. Hope this helps.

Hello Brian Matthews and welcome to BP. I can sit down with you and help you understand what's working with this current market. It's hard to find Multi family houses that make sense because San Antonio is such a hot rental market. SFR right now are bringing in 20-25%+ CCR.

Hello@Marcus Jackson. I specialize in rentals and the crime rate does become an issue because it tends to lead to a higher turnover which costs money.

Where are you getting your facts from like crime rate?

I think that house could be over priced and wouldn't trust the wholesaler stating "light rehab" just from those pics I would say it has foundation issues.

If you would like I can sit down with you and show you how to properly analyze a property. 

Hello @Pat Bruton I'm curious what types of properties are you buying for that kind of return. Are they Multi unit properties?