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All Forum Posts by: Katie Greenman

Katie Greenman has started 5 posts and replied 99 times.

Post: BRRRR in Rio Grande, McAllen and surrounding cities

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

Adrian, great post.  Love the title.  

Why do you think the RGV has potential?  Why do you think SA has potential?  You will be placing with a property manager? Are you thinking of looking for off market properties?

The RGV not too long ago was a rural agricultural based economy.  It has grown into a major international trade hub welcoming commercial/retail/industrial businesses.  There are more higher education institutions in the valley than ever before. I know a good amount of investors who like to invest in Mcallen and Edinburg as there are universities near with fourplexes that they lease to students. Mission (Sharyland especially) is another town that attracts investors as it has a highly rated school district that attracts many families.  Brownsville has got some recent attention with SpaceX becoming the largest employer in Brownsville.  For that reason I believe Brownsville is a bit more risky.  If SpaceX were to leave what will happen?  Some may argue that with so much money invested why would SpaceX but to each their own on the types of risk they will take on.  Rents in the McAllen-Edinburg-Mission & Brownsville-Harlingen are lower compared to other metropolitan areas in the state.  The market is very different compared to San Antonio-Austin.  I see tons of new multi family development in the RGV.  You also find re-sale mutli-fam in the valley that are not as old as you would find similar list price in San Antonio.  For example in SA right now there are 35 multifam (2-4 units under 400k) there is only one unit built after 2005.  Majority of the rest were built before 1965.  A few are fully rehabbed while most are somewhat renovated.  Not a big deal for some investors, but it is a difference that I feel is worth mentioning.  

San Antonio is a great market for investors as well. AKA Military City, the area has tons of veterans and active military personnel. It is also known for its growth in green initiatives, cyber security, aerospace, and bio-tech/healthcare. Tons of higher education universities. I have seen rent by the room become a popular model due to the lack of attractive multi-fam opportunities and the demand for affordable housing. Lots of flips in the downtown area especially Denver Heights. Tons of short term rentals all over! San Antonio was a market that did not face as much downside as others during the GFC due to its economic foundation (amongst other reasons) and I believe that has attracted many long term investors. An article came out in May stating that NAR believes 46% of homes sold in Bexar county during 2021 were to "instituitional investors". It even said that the data was higher for investor purchases in San Antonio than Austin. Putting offers on properties that are tenant occupied seemed to get great discounts. One thing to be aware of in SA is foundation repairs. Lots of homes that need foundation repairs-can be very costly.

Post: Hello just want to Introduce my self

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

Hey Eddy! There is a meet up for investors in the Valley.  They meet in McAllen once a month I believe.  Let me know if you are interested.  I am from Mission but now live in San Antonio.  Where do you have your single family properties? How long have you had them? 

Post: Do you recommend becoming a real estate agent ?

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

Hey Shaun! So the possibilities with real estate as an agent are truly vast! Being that you have gained experience with fix and flips is such a leg up!! Advantages of becoming a realtor all depend on your personal goals.  If you enjoy helping people, getting involved in the community, learning, saving money, and investing I think RE will benefit you greatly! Having your real estate license is another tool to add to the box.  Which direction you run with it will be entirely up to you but why not go after it if it seems interesting! You can have a business model focused on referring people out, building a team, representing yourself, or maybe a little bit of the following. Having access to the mls will increase your knowledge and provide as a very valuable resource.  You will be getting more out of your deals as well by representing yourself in the purchase of muti-fam properties.  It will take time and energy of course to develop and grow but if you are interested in re it will feel like a dream because it is something you are passionate about!! Better to try then to not and regret.. don't let time or hesitation deter you from a door with literally thousands behind it. LOL 

Post: Finding real estate clients

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Orlando Colon

Hey Orlando,

What are you doing on social to share your business? Have you gone to new home builders in the area? Maybe try posting a tour of a model home on your live and post pictures and links to available homes in your post! Not sure if you have done this already. Depending on what you like there are more social options like networking events/ building relationships with local businesses & other sales ppl (insurance, cars, beauty ppl, contractors, landscapers, carpenters, etc.) / marketing with industry partners. Those are all belly to belly; whereas if those are not what you would enjoy you could try cold calling for expired(s), fsbo, absentee. Calling people you already know and just catching up is another idea. These ppl will already have some type of memory of you so that is a big plus. Orrrr, if you have $ Facebook ads and follow up. But, many times those leads take a long time to develop into anything (if they ever do) & it requires $.

Post: How do i find a top producing real estate mentor

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Albric Rosa

Hey! Have you started interviewing brokerages? I’m going to message you!

Post: Looking to Become Full-Time Realtor

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Will Armstrong

Just bc you start with one doesn’t mean you are going to be there forever! Go with where your instinct is screaming!

Post: Looking for a Broker in Las Vegas

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Craig Cruz

Hey Craig! Congratulations!!

Post: 1st Central Texas multifamily unit.

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Katie Greenman

Mcallen, Mission, Edinburg, Pharr, Brownsville

Post: 1st Central Texas multifamily unit.

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Brandon Harris

Hey Brandon would you be open to looking a bit south in the RGV area?

Post: Royse city market? (Dallas, Texas)

Katie GreenmanPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 103
  • Votes 78

@Jacob Payne

Hello! I can get you connected with someone out there! I’m in TX too. Will this be your family friend’s first home purchase?