All Forum Posts by: Miguel Martinez

You gotta be brave though, I drove over there the other day and except for Pine St, it was still a bit creepy

Thanks Jesse, I got the book, will read it. So far I only found multifamily stuff that requires to be a certified investor :/

Many thanks @Will Pritchett I may even partner up with a friend and build... will see

I read recently Seguin is not in it heyday, but I may be wrong, just heads up

Hi Rick, with 100k houses I am not talking about run down fixer uppers, I am thinking about 1BR/1BA 800-900 sqft units in sought after areas in order to rent. Will PM you.

Hi everyone, so I graduated a year ago in an MBA program in a nice school and now I have a great stable job reasonably well paid. I am here in a 3 year work permit after my studies but my status is still student. I am looking to make some small, nonrisky investment, max 100k. I have plans to change to other visas that allow me to stay longer, just didnt happen yet..

I always rent 2 or 3 br places and share them with roommates, but they are in my name, and those bills have always been paid on time. I am kind of conservative with money so so far I have only had debit cards and checking accounts, under the philosophy "if I can't pay it I won't but it"... or as we call it in my country, being financially responsible. Seems that the culture is different here and you have to owe money so it can be seen that you pay your debts. Didn't see it coming though.

So I have a nice salary, I pay everything on time, and the investment is low risk, I am just not the kind of person who enjoys debt. In my country real estate investment is not very attractive (down payment is 50% and around 400-500 usd per sqft... whoaaa!) so I am trying it here in the US, particularly in San Antonio, so I would need some advice on how to get a loan in my situation. Big banks are out until you are like citizen. The best offer I got, which I found a bit abusive, was 7% interest with 35% down. Please advise, thanks!!

Sorry to hear that. Southtown is overpriced in my opinion... especially the areas the train runs by, night or day. This certainly takes appeal from the area in spite of how much one would like to inflate it

Eventually for them is about profit per hours worked, and a 800 sqft cheap house may need way less labor than a nice 1500 (still not big) high end house. I will agree though there is a nonvariable time to plumbing, power installation, etc

@Kris L. I can see how some people may think like that, if they are right I dont know

Hi Rick thanks for your answer. Yes I am referring to that area you say, 35-Zarzamora-Culebra-Guadalupe. One issue at the moment for me is the train. I have live there in Frio Street and the train runs and horns pretty much any time night or day, which for me was annoying. And then you have those creeks, which have the best prices around them because they are not very aesthetic and I guess neither very safe. There isn't any police either, which being the area pretty poor is not the best situation. So I can understand there are many challenges but that comes with possibilities.

One thing that I was thinking about was buying say a 10k land and put one of those new but not fancy at all houses, pretty much in consonance to what there is currently there, but new. Something like a 50-60k building, but I haven't been  successful on finding someone who does something like that. In the builders websites I found houses for 150k+, why would you build a 150k in near west SA, people who rent for 1,300 don't live there. Do you guys have experience in very cheap construction? I am not planning to go all the way down to modular houses or anything like that, I want a house that keeps the value or appreciates