All Forum Posts by: Jonatan Barbera

Nickolas Jenkins that sounds like a great job for driving for dollars. Don’t pay for any training or guru BS. Send me a PM and I’ll help you for free.

Angad Bhullar in San Antonio you’re either going to be in a really bad area of town or buying a house that needs a lot of rehab. Houses under $100k are better for owner finance deals.

Sounds good @Ryan Blake good luck to you as well.

The way we do it is by sending the same postcard every month, forever. The thought process is they get familiar with our marketing that if they ever decide to sell they reach out to us first. We skip trace the ones that come back to us.

Yes, we do find a good margin on a lot of deals because we are more of a boutique firm. We specialize in what we do so we're able to get a consistent deal flow for our network and ourselves. We also do a lot of partnering with people.

@Ryan Blake because driving for dollars is time consuming is the reason it has less noise. That's what we do here in SA. Also, because we're full-time investors we offer lead management to other investors that are doing marketing here that can't take the calls and take down the deal. So that has provided a lot of partnership opportunities for us as well. 

As far as a "website" do you mean you have your own website to bring in traffic? If so, keep in mind that SEO marketing is a LONG term play.

@Anthony Finger check out @Brad Larsen with Rentwerx. We use them and so do our investors.

@Cathy Li as an investor in SFR rental properties in San Antonio the problem that I feel you're having is you are trying to be very conservative. Now, I'm not saying this is an issue, I'm just saying this makes it harder to get deals.

When I buy a house I make sure to update as much of that house as possible in order to limit my future expenses to minor stuff. I recommend you buy fully updated houses as this will help you in keeping your CAPEX low.

In SA we target houses between $1100 and $1600/mo rents because that keeps us in B/C neighborhoods and they rent within 2 weeks. This helps to keep turnovers low and rented longer.

Companies like roofstock and homeunion are in my opinion a bad choice because the deals they put out have a gross profit of 7% on average. That's terrible.

Yes, property taxes are higher in in some areas but keep in mind Texas has seen really high population growth and SA is a very affordable city with jobs and a great infrastructure so I see rents also keeping up with the taxes.

If you have any questions please reach out. Just keep in mind that the more risk you take the more money (potentially) you can make and the less risk you take, you will make less money also. You need to find the area that you will be comfortable with risk and reward. 

I would do a refi. But make sure you have somewhere to place that money because now your mortgage is going to go up. $50K isn’t much money unless you leverage that for a rental. Even then if you get a decent rental like here in SA you might go through that with down payment and some updating. I have no idea what you can do with that in Austin.

We specialize in properties with title issues. Feel free to reach out.

With the 85% do you still have to pay PMI? Also, in a market downturn cash flow is what’s going to save you. But, $50 isn’t much of a difference. I usually never recommend refinancing so high because you typically have PMI and a higher interest rate.