All Forum Posts by: Robert Neal

@Jeffrey Evans Thank you sir! I’m always happy to help anyone in anyway in the San Antonio and New Braunfels markets. So far for 2021 We’re averaging closing 40 to 50 discounted investment properties each month.

I am partial to the San Antonio market but for cash flow I generally prefer East Side of San Antonio or near Lackland AFB. However most of the NE side of San Antonio on the I35 corridor going towards Austin is great too.

Originally posted by @April C.:

Thank you, Robert. As we would likely not be able to start the new construction that quickly is it possible to then apply for a mortgage to close out the hard money loan? Is that what folks do? I think I’m at the point that I need to talk to the right lender about both the hard money loan and conversion into a standard loan down the road. Any recommendations on lenders welcome!

 April, that is correct. If the subject property does not need much if any work the hard money lender will operate as a bridge loan while you roll it into a conventional note. As long as the property appraises it should be a quick and easy process. I will message you my recommendations!

Hi April!

I would recommend a good hard money lender. They can typically close and fund within 24-48 hours which will allow you to make a "cash offer". Typical rates for local HML are 1.75-3% on the points and 9-12% on the rate for a 6 month term. Interest only payments during the term of the loan with the option to extend at the end of the 6 months for an additional point. Most will fund 90% of the purchase and 100% of the rehab (may want to check on new construction however). Reach out if I can help in any other way!

If you are looking for LARGE multi-family/complex properties in SAN ANTONIO please contact me ASAP!!

--> Over 40-units

--> Priced under $4M

--> FULLY PERFORMING!!

--> LUXURIOUS AREA/AMENITIES!!

#SanAntonio

#Boerne

#Corpus Christi

#New Braunfels

#Austin

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Robert Neal

936-201-9622

Hi Geetha! I am a licensed wholesaler in the San Antonio market and the 1% rule is 100% still attainable. However, due to the current market  situation with buyer demand, more turnkey properties are being sold/bid up on more narrow margins. If you are willing to BRRR and get into something you can put a little sweat equity into you should have no issue hitting that 1% Rule. I would suggest highly considering off market inventory however. Anything that gets put on the MLS has 100x more eyes on it which equates to more cash as-is offers.

Hi Trinity! I am going to send you a message. 

Originally posted by @Valerie Longoria:

Thank you so much. I love studying and learning how to improve. I’m just glad we finally started. Are you in the San Antonio area? 

 Yes ma'am I am. Let me know if I can ever help you with anything!

100% sell. There's never been a better market to sell a home in. Your $20k in equity could easily turn into $40k just by the housing demand right now. It's analogous to owning stock at its very peak. That is assuming that you are getting market rents and do not have refinance options to lower your payments. In regards to finding a property to BRRRR, If you rely solely on the MLS you'll essentially need that extra $20-40k from your current home to add to any offer you make right now. I have met with many buyer's agents who have wrote up 12+ offers in the last 30 days all $20k+ over ask and still were beat out. I recommend taking a gander in the off market inventory where the bidding wars are far less common, consider a place that needs some work, familiarize yourself with a hard money lender that will fund 100% of the rehab, and etc.

My office has averaged over 70 closings a month so far this year of off market real estate and we work with investors exclusively. The market is crazy on a national level but there are still good deals out there if you are looking in the right places. 

**INVESTORS NEEDED**

Despite the historically hot market, I have been able to steadily acquire

DISCOUNTED OFF MARKET properties great for fix 'n flips or BRRRR

projects. Valuable relationships are my #1 priority. If you are actively

looking for a property or will be in the market in the future please

reach out or fill out the form below and I will reach out to you.

https://forms.gle/dma7U9Ywr34dsPd57

I HAVE 11 OFF MARKET PROPERTIES AVAILABLE RIGHT NOW!!