All Forum Posts by: Nicholas Sanchez

Hi Nydia, so you do both Hidalgo and Cameron County? 

Awesome, for your SPI property are you doing short term or long term? 

What is your time frame for moving to the area?

 Yea I figured im kinda stuck where it's at. I'll just have to do my best to make it a bullet proof rental as a 3/1 

New to adding a second bathroom to a home. EB is where the electrical box is and WH is the water heater. 

Where would be the best place to possibly add a second bath with the least renovation needed? 

I was thinking of possible adding the bathroom where that laundry room is and move the laundry room next to the water heater with a stacked washer/dryer unit. 

House is on a slab. 

@Luis J Martinez Someone does, I live up in Austin but I am from Brownsville and visit monthly to check on my property and family. Are you local to Brownsville? 

Townhome 2 bed 1 and 1/2 bath , two story. 955 sqft has a decent little fenced patio/yard section.

Price $225k

5% down rate around 7.95%

Will be my primary residence, Austin Tx, area is decent, breweries, food trailers, close to shopping center, and soccer stadium.

The residence isnt terrible just needs a few things, kitchen appliances, remove carpet for plank vinyl.

I know it won't cash flow right out the gate , I can maintain the monthly note and have a 6 month emergency fund. Goal is to live in it for 2-3 years, upgrade it within reason before moving on.

This pricing point is within my range (I know it's low for Austin), I have an investment property in a different city in Texas so my DTI won't allow more mortgage . I will try to negotiate closing cost with seller if I move forward.

Wanted to ask ya'll if you think this is reasonable or is the market too uncertain to act unless it cash flows day 1.

My current living situation is I rent an apt for $1,000 and fulfills my needs. Do you think I am better off staying put saving cash and investing elsewhere or move into something like this, reducing my cash I can save monthly but securing this 2-3 year live in project in Austin in the mean time (speculating that I could refi).

Trying to work with one locally to support the local scene. 

Looking for local recommendations for a CPA to the Brownsville area or RGV in general. 

Nice I did my undergrad in San Marcos. I'd say start with what you know so if your primarily from or know Hidalgo County well go for it, you got plenty of bigger towns there, Mcallen, Edinburg, and Mission. Myself since im from the Cameron County area, I focused on Harlingen and Brownsville. Now ready to dive into the neighboring county though. If you got family near by makes it easy to have boots on the ground and have some one pass by the property while your knocking out law school and the bar. 

I'm guessing you already know some of this but focus on what your buy box is. I know when I was looking at properties, I was kinda all over the place until I came up with a game plan with what I could do living in Austin and having my family back home doing any repairs if need be. If you have any questions I can try to answer, not a pro investor by any means but just going through the motions building up my portfolio.