All Forum Posts by: Joseph Cacciapaglia

@Brittany Logue if you're planning to work with a lot of investors, be sure you choose a brokerage with resources to support that goal. Having in house property management and vacation rental management is a game changer when trying to provide a seamless service, especially when working with out of state investors.

@Chace Dietrich it might be helpful if you let people know what skills you might have that could be useful. What type of help would you be willing to give? How much of your time? I don't do rehabs, but if someone came to me with a similar proposition for the types of deals I'm doing, that's what I'd want to know.

@Justin Brickman I use https://www.fredflorescpa.com/

@Amy Raye Rogers I think this varies a ton from one market to the next. In San Antonio, I believe the 3 best opportunities for individual investors are: 1. ground up in-fill development of single family and small multifamily properties, 2. Short term rentals (STR), and 3. Purchasing tenant occupied SFR where the tenant is not currently paying. I'm currently combining 1. & 2. for my personal investments, but I have successful clients using all 3 of these strategies today.

For investment companies or individuals with much more capital, the answer will most certainly be different. There appear to be a lot of redevelopment opportunities for struggling commercial properties. I've been surprised that there aren't more defunct commercial spaces being converted to residential right now. However, I don't spend a lot of time in the commercial space anymore, so I'll leave that to someone else to comment on.

@Anna Marie Holland I think it depends a lot on you. I don't attend meetups or networking events, and I haven't in years. However, I spend a lot of time meeting with people one on one that I've met online or through transactions. I'd just much rather sit with one person for 30 minutes to an hour than have several short chats with people at a meetup. I happen to be pretty introverted, so that just my preference. If you're someone who will take full advantage of a meetup, and introduce yourself to a lot of people, it's probably worth your time. If not, try to find a networking style that works better for your personality.

Obviously from my answer above, I think the only real value of meetups is the networking, not the education. This is because just about any topic that might be taught at a meetup can easily be learned for free somewhere online. However, if you learn better in person, there might be some value there too.

@Tanner Woolley San Antonio is a great market for STR. It's rated A+ by Airdna, and I find we're able to outperform the Airdna projections in most parts of town. We manage 50+ STRs currently in the greater San Antonio area, and it's rare to have an empty weekend in a home. It's not uncommon to have a vacancy Monday, Tuesday, or Wednesday, but we have plenty of properties that stay well above the 60% occupancy average for the weekend. We also have a lot of properties with ADRs well above Airdna's projections. I've been a traditional rental investor since 2005, and last year decided to switch to STR for all my purchases for the foreseeable future, based primarily on the performance of our managed properties last year.

@Cody Mitchell my first deal ever was a househack duplex in BCS (a long time ago). I also found a roommate for my side, which was challenging at first. I closed on mine just after the school year started, so there weren't a ton of people out looking. After a few weeks of no responses, I went and bought a pool table and stuck it in my living room. I put up a new post with a picture of the pool table and a headline that said something like, "My Pool Table and I are Looking for a Roommate." I had responses within a day. I don't necessarily think you need to do the same thing, but you may have to figure out how to make your house stand out if you don't get tenants right away. I had plans for a kegerator and a hot tub, if the pool table didn't do the trick.

@Elijah Vasquez there are a lot of us active on here. It may be helpful to share a bit about yourself, and and what you're hoping to accomplish. I buy lots to build unique properties for short-term vacation rentals here in San Antonio. I think you'll find quite the mix of investors here in town that are active on BP.

I use https://www.fredflorescpa.com/. He seems very knowledgeable about real estate investing in general. I interviewed a lot of CPAs here in San Antonio that didn't seem to have a clue about a lot of real estate related issues, but he was able to answer all my questions with relative ease. He also seems pretty low priced, for the quality of service. Full disclosure, this is the first year I used him, but so far so good.

Where are you getting this 2% rule? We don't have rent control in TX.