All Forum Posts by: Tanner Ploe

The subdivision where I have 5+ properties has a poorly run HOA with no money. The roads are private (and in bad shape). The folks who live here have been having "town hall meetings" and talk of incorporating into a small township/city. This is in Texas, in a neighborhood of over 400 people which straddles the county line of 2 counties. The info being brought forward by everyone is very cloudy and opinionated with very little facts. Does anybody have personal experience with incorporating into a town and what type of impact this could have on my taxes and such? Thanks!

I have 8 lots in a subdivision with houses ranging from $100k-$210k.  All lots are paid for with cash and utilities are available.  I am using 2 lots to build my personal residence but the other 6 I want to build additional homes to rent out. Being that I can build a good rental for about $140k I feel like this wouldn't be a bad idea.  Add the fact that all my units will be brand new and just down the street from my own house this sounds like a great way to start out.  Is there any reason why building new homes as rentals isn't extremely common? Is there anything I need to know that might change my mind? (like lending, costs, or some other factor). 

Any insight would be greatly appreciated. 

Thank you, 

Good afternoon everyone, first time user here. 

As many people around San Antonio/Austin are aware- The 281 corridor between San Antonio and Johnson City is growing quickly. I own 6 undeveloped lots in Spring Branch, TX (Just north of San Antonio).  The lots are directly off Hwy 281 in a quiet older neighborhood with a median home price of around $150k.  My original intention was to clear the lots and install utilities, then just sell them for 2-3 times the purchase price. I have already cleared/installed utilities, but I have since reconsidered. 

Is Spring Branch Tx a good market for rental homes? There are about 13-15 rentals listed in the area currently for $900-$3000 /mo with the average being about $1300 /mo.  I was thinking about building 3-4 homes on my lots with the intention of renting them for about $1200 /mo.  I just worry about the area being too slow and being vacant.  It is right off the Highway which helps, but I am just not sure.  I currently live in Bulverde, 15-20 minutes south of Spring Branch. It is very busy down here, lots of traffic and new subdivisions. 
 

 Any guidance or knowledge of the area would be greatly appreciated!