All Forum Posts by: Nicholas Miller

San Antonio

I would think it would be somewhere between $85 and $120 a square depending on the upgrades. @Forrest Holt, did you ever find out? @Jeffrey Nordin, where is the abundant, cheap land? 

For sure.  I have a couple of handyman I use in New Braunfels.  Can you message me privately?

I am from New Braunfels and invest there as well. My advise is pocket listings through realtors and off market deals. It is going to grow substantially. The ranch I used to work on sold a couple of years back. Look up Varamendi and you will see what’s fixing to happen. Also, I market more at Canyon Lake and Seguin.  They will be soon to follow New Braunfels.

I have been spending a lot time on my social networking and I finally circling back to my BiggerPockets account.   How do you get the most out of BiggerPockets?  What should I be doing to utilize Bigger Pockets' services?  Thanks for comments. 

Hey @Ken F.,

I think that is a great question and honestly a great problem to have. I think you have plenty of options. Even if you are not cash flowing right now, you have a newly constructed home. This tells me the maintenance on the property will be minimal over the next 15 years. Most people acquire older homes, brag about there cash flow of $300 per month but spend over $2,000 a year on maintenance. You already have equity, appreciation still looks great in that area, and you should be raising rents every year. Being asset rich and not cash rich is not a problem when looking at the future. On the other hand, if you feel confident in finding another home that will cash flow over $300/month then that is great as well. If that is the case, I would sell and roll on. Lastly, get creative. Advertise the house as owner finance. Have the buyer put 20% down and charge them a higher interest than you pay a monthly in PITI. This frees up your capital, cash flows the property, because you don't have to worry about repairs or vacancy. Call up a lawyer that can help with owner finance (wrap) dispositions. He/She will put your mind at ease because there are a lot of uneducated people out there that will talk you out of this strategy. You are definitely in a great position! Good luck.

You have my undivided attention. 

@Jim Crider welcome. I am from New Braunfels and just moved to Dallas 6 months ago. I have flips in San Antonio and Canyon Lake area. I also have a Airbnb at Canyon Lake. It’s a cash cow. Yes you will make more in the summer but we are booked year around a months in advance. I also have rentals in New Braunfels and just picked up my first investment property in the Dallas area. You got this man, stick to your plan.

New Braunfels likes to state, they require a minimum 1 month, so short terms are kind of tough.  I know from experience. With that being said, people still do short term rentals there but be prepared.  I have short term rentals at Canyon Lake and they do AWESOME.  I have a 4 Bdrm that brings in $2,000 a month gross in the off season and $4,000 a month during the summer. Just pay close attention to HOAs before you purchase.  They are the ones that can shut you down in a flash.  If you can snag a house downtown S.A. you will also hit a home run.  A 3/2 should bring in about $2500 a month (if you are close to downtown).  Look around the Alamodome area. I keep hearing the city is about to invest a lot of money in the surrounding area.  I have a house in Southtown S.A. (lavaca historic district) and the entire area is being gentrified.  I am actively looking for long-term rentals in Seguin so perhaps our paths will cross.  

I have a list of all my contractors in the New Braunfels / Seguin area. I can email it to you.