All Forum Posts by: Joseph Cacciapaglia

Has he considered becoming a real estate agent? The schedule can be very flexible, and if he focuses on working with investor clients, he could learn a lot that way. I'm currently training a part-time agent on my team here in San Antonio, and she's been able to make it work with her other job.

Price is the #1 factor in how long it takes to sell a property. When I've had limited flexibility with price, I've found that offering a buyer's agent bonus or larger buyers agent commission is helpful. The rules regarding this vary by location and MLS. I've also found offering owner financing leads to a quicker sale. You may want to look into selling with a wrap.

This would be very unusual in San Antonio, but may be something that varies by market. It may be useful to contact a couple property management companies in the area and ask what their policy is.

Confessions of a Real Estate Entrepreneur is my all time favorite, and should be required reading if you aspire to do any commercial deals. Even if you don't, it's great for the general mindset in approaching deals.

I've had a few clients do this with their contractor. I know one was paying $150 each time. I think you're better off tying up the property ahead of time, based on your own rough estimates, and then getting your contractor to come bid during the due diligence period (assuming you have something like this in your state). Otherwise you can spend a lot of time and money on a deal you may never make.

It's very unlikely that the agent that sold you your home is going to be the best agent to help you with an investment property. I know there are some great niche shops in Philadelphia, or at least there were when I worked there several years ago. I'd recommend finding one that sells a lot of investment properties in town. They should have MGMT, lender, and contractor contacts to share.

I love the idea, but have found the execution to be difficult (for my skill set). I'm just finishing up a container home build to use as an STR. It's on a wooded lot, but in San Antonio. I had originally planned for it to be a tiny home, but ran into deed restrictions that made me pivot. I've had a ton of issues with the build, which caused over a year of delays, but should have it done shortly.

I chose something close to town to ensure plenty of guest demand. I think it may be difficult to make it work if you're too secluded. Guests need to be searching in the area in order to find you. 

I started moving my investments from NJ to TX a few years ago, and I just sold my last one in NJ this year. I've found the state and many municipalities to be far too skewed in favor of the tenant, to the point it wasn't worth it for me. Long term, that may be a solution for you.

In the short run, make sure you are working with the right attorney. I found that in each county there are really only one or two attorneys that are any good at evictions. If they're not involved in tens or even hundreds of evictions each month, they're probably not the right one.

Quote from @Charisma Machado:

Andrew, thank you for posting the article and your Post. Those opportunities are alive and well here in the San Antonio, TX. market and something I am currently looking into. Cheers!

I'm finishing up my first ground up build here in San Antonio. It was much more challenging than I expected, but I also made a lot of dumb decisions. I had bought 2 other lots to do the same, but have since flipped them. I still think there are good opportunities to build entry level homes here, but definitely not quite the opportunity it looked like initially. I plan to start another by year end. 

I'm interested to hear where you're seeing these opportunities right now, and would be happy to compare notes.
 

Quote from @Tyler Sample:

Quote from @Nate Sanow:

My suggestion is add value, be encouraging, and don’t sell. 

 Thank you, I was talking more along the lines of what is allowed... I have had at least one post removed from an insurance-related forum unfortunately.

Any sort of self promotion is prohibited. As long as you're answering questions directly and it doesn't sound like you're pitching your services, you should be fine. Even if you're really trying, you'll have one deleted occasionally. I find just talking about the things I do and where I do it is enough to generate a ton of inquiries on here though. I took a break from BP earlier this year, because I got way too busy.