All Forum Posts by: Sterling Williams

 Jeff,

Thanks for the response. I'll DM you my contact info and let's schedule a call to discuss. Please click the photo link in the post for photos. 

Large fourplex located in NE San Antonio. Stained concrete floors downstairs. Built in 2007, Property located minutes from Randolph AFB and Fort Sam Houston. Each unit is a 3 bedroom 2.5 bath with a 1 car garage. Easy access to Loop 1604, I-35, and I-10. Clean, High ceilings and furnished w/ fridge, dishwasher, disposal and washer/dryer hookup. Small backyard with privacy fence. Great for investors looking for their 1031 exchange nomination or for someone looking for a turnkey property with some value-add by increasing rents to market ($1,100 per door). Reach out if you have questions. 

Photos

Jamie Sepulveda broker/owner of Strategic Property Management. He's currently stabilizing a 38 unit apartment for a client of mine. He's also a member of BP. 

Shelly,

With school districts being top of mind, I would focus in on areas within NE ISD and Northside ISD unless you already have a specific school district in mind. You can find some 2-4 units within the East and Southern ISD's that have some attractive numbers, but as Michelle pointed out, this may not be an area or school district you would like to live within. With that being said, you can certainly find some duplexes within both the NE ISD and Northside ISD school districts that meet or come close to the 1% rule. Tell us more about your criteria and some of us can better point you in the area's you will want to focus in on? The 2-4 unit market opens up as we move into summer, so you should start to see an increased inventory but still expect some stiff competition. Best of luck!

 Russ,

All three cities have their own pros and cons. Multifamily properties are in great demand nationwide, so short supply isn’t just a Texas issue. You should start to see an increase in inventory on and off market as we move into the summer months.

I suggest casting a broad net over all three cities by making calls out to agents who specialize in multifamily. Get some insight on the area’s and start analyzing some deals... Good luck in your search!

 @jamie Supulveda with Strategic Property Management. He's also a BP member. 

$189,700 there is an identical property in the neighborhood just listed for $215,000 with comparable rents. 

@Brooke Noth with Guild Mortgage.  She's who we refer all of our clients to on the residential side. Brooke knows how to get it done and goes above and beyond every time. A bonus is she's also an active investor in SA, so she can help give you some further insight into the market.  Good luck moving forward!

10 YO duplex located in San Antonio. There is some value-add potential with rents, market is $1,100 per door. Tenants pay electricity, owner pays water. Lease 1 ends Feb 2019, lease 2 ends Nov 2018. 

 Have you considered the I-35 Corridor between San Antonio and Austin? There is a duplex new construction development in New Braunfels as well as a development in Buda TX, just south of Austin.  Let me know if you would like some info.