All Forum Posts by: Joshua Enriquez

Cash @Account Closed, what do you have?

Mainly looking for flips,

ill look at rentals if tenant is on a month to month.

@Account Closed

Im looking to buy 5 properties in San Antonio, 

Please let me know what you come across, and/or have under contract

Joshua Enriquez

@Chris Hutchens based on previous comments it looks that you're looking to acquire long term rentals. I would recommend you looking in areas such as Live Oak, Schertz, Lackland Anything really above 410. These areas are known for better school districts, less turnover, safer areas, all resulting in better tenants taking care of your investment.

If you're looking to flip a home I would recommend areas in the near east, I've worked with several investors that have topped the market in multiple different pockets. If you drive for dollars you will come to find that the area is flooded with other investors like yourself in the trenches. I would keep my eyes and ears open to Denver Heights (west of Walters), Highland Park, and Riverside!

I live, work, and play in downtown San Antonio and i'm extremely familiar with all the action that is going on in my backyard.

Id be happy to meet with you when you come down @Chris Hutchens and anyone else that is looking to acquire additional market knowledge in the San Antonio area.

In the past year my team and I have targeted East of New Braunfels pretty heavily, and have seen tremendous growth.

I pulled MLS sold data from (2017) & (2018) East of New Braunfels back in July,  in an attempt to measure appreciation based on market data. Here's what I discovered:

The highest selling property in (2017) was $170,000 (1849 Montana St - 3/2 - 1450 sq ft - 73 days on market - 1st Seller - Was a 2017 New Build); in (2018) (Jan 1st to June 26th) the market ceiling has jumped by 59% to $270,658 (817 Potomac - 3/2 - 1515 sq ft - 49 days on market - FHA - Was a 2018 New Build).

The lowest selling property in (2017) was $15,900 (1818 E Crockett - 2/1 - 840 sq ft - 5 days on market - CASH - was a fixer upper); in (2018) (Jan 1st to June 26th) the market low has jumped by 183% to $45,000 (638 Gulf - 3/2 - 982 sq ft - 9 days on market - CASH - was a fixer upper).

Median home sales in this area (2017) were $58,684. In (2018) the median sales have increased by 48% to $87,000.

Based on success of some of the investors I work with I think this area is suitable for several different strategies,(rental, owner finance, flip). These number reflect where the area has gone in the past year, if this trend continues, this may be your perfect time to buy low and sell high at a later date.

What's been your strategy @Tom Tarrant when buying your investment properties in San Antonio?

68 piers WOW, did you any plumbing break when fixing? @Juan Bustos

Im currently in the process of purchasing a flip, and I had the foundation looked at. The house is off all over the place from 4inches all the way up to 8 inches! Nothing really scares me anymore but WOW!!!!

What are some of the horror stories you've experienced with slab foundation repair?

Both REIAS I think are free for first time guests and have a monthly membership.

The one at Joe Blues is free!

Michael Ortega

-Omega Elite Construction & Renovations

-Not the cheapest, but he does quality work, and very dependable. Those last two are the most important thing. You pay for what you get.