All Forum Posts by: Rayan Faris

@Henry M. 

I don't want people damaging my property.

However, I've heard some people do well in these areas with section 8 tenants. I'll be using an experienced manager so I'm not concerned about the hassles.

The other risk is long-term if the neighborhood falls apart and rents go down and vacancies go up (like Detroit, but that's an extreme example)

Personally, I don't understand why people rent in higher crime areas. I'd rather live in a safe area with a small crappy property especially if I had a family.

@Henry M. 

Thanks your two pesos are much appreciated. I agree the numbers look decent, but numbers don't mean anything if it is vacant.

@Henry M. 

Thanks your two pesos are much appreciated. I agree the numbers look decent, but numbers don't mean anything if it is vacant.

Thanks guys I really appreciate all the referrals.

I may contact some of you.

Thanks for the tip.

Why do you suggest to stay away from those areas specifically?

Hi,

I am looking to buy a property in San Antonio for rental income (I have a specific property in mind that I saw online, but I am also open to other properties in TX less than $75k including repairs).

I am out of state and am looking for a company to manage the closing, etc. and a property management company to manage the rental.

Any ideas?

Thanks.

Hi,

I am looking to invest in San Antonio. All cash, maximum investment about $70k including repairs, etc. 

I'm just looking for cash flow, doesn't have to be an amazing return, just good or decent, for example if my yearly net after all expenses but before income tax is above $5,000 I will be satisfied. 

Obviously since I'm not looking for crazy high returns, I would like to reduce my risk, so no high crime areas, very old homes, etc.

Any tips or suggestions?

I see a lot of foreclosures for sale.

I'm an out of state investor so I'll be using a property manager and am thinking about even trying HomeUnion.

How is Kirby, TX specifically the Sunrise Neighborhood Coalition?

Thanks!