All Forum Posts by: Michael Gonzales

Keep at it @Kenneth D. and keep pulling on the BP community for encouragement and advice. I often think of Malcom Gladwells 10,000 hrs to mastery, there is a ton to learn in RE and it’s ever changing. Many below have mentioned house hacking, and I would highly recommend that due to the low upfront costs (3.5% down) and the lower pressures associated with being able to work on and improve the house on your own time – versus bleeding cash every month during a rehab that’s not a primary residence. And you can forget about capital gains exemption, if you live in the property for two years!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $125,000
Cash invested: $40,000

Current Project converting MF zoned property into a duplex

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $10,000

Longer term rental adjacent to lackland, with BnB conversion to follow

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $400,000
Cash invested: $5,000

Buy and Hold

Sending you a contact Nims 

Hi Collin! Shot you a connection. Interested in your situation for your new build duplexes. What area of San Antonio? There are a lot of opportunities in the Converse Area and their rent rates are good when it comes to $/sqft

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000
Cash invested: $35,000

Rehab to Short Term Rental - took this property from neglected lake house to a hill country gem

What made you interested in investing in this type of deal?

Wanted to find a bnb property with enough land to enjoy the outdoors

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,000
Cash invested: $90,000
Sale price: $295,000

This property was taken stripped down the the studs and given a complete overhaul to create this gem on the Southside at 2050 sqft with 4 Bedrooms and 2.5 Baths

What made you interested in investing in this type of deal?

This was the first property that I had invested in that required starting from the studs

@Corbin Revell welcome to RE investing! If you’re making it as a trader, you’ve certainly got the the capacity to succeed in wholesaling. Big fan of the approach though I haven’t added a fourplex to my portfolio, I recommend the approach (I’ve got a series of SFHs and a duplex I’ve got in the planning phase - the never ending permitting phase). When I wholesaled, I leaned you’ve got to be the first ones to connect with the owner, meaning if it’s two weeks or longer, you can bet there have been several other people there (putting their business cards in the door or sending direct mail). 

Let’s connect and I can share some hard lessons I learned along the way.

Very true @Brett Deas staying in the market is key. People will always need somewhere to live and RE is finite