All Forum Posts by: Grant W. Wilson

San Antonio, TX and the surrounding areas offer some great deals.

Hey Joseph!

I've got two STRs in San Antonio and we use Vacasa as our property manager, we've loved our experience with them - they're on the ball, detail oriented, and can help investors - especially out of state investors - take a property from finished to rent-ready with as little involvement as you'd like. DM me and I'll share our local contact for Vacasa!

On the mid-term to long-term range, I have an awesome manager who we've worked with for 3 years now. He's affordable (10%) and goes above and beyond to maximize your ROI while minimizing your involvement. DM me for his info!

Hope this helps!

Feel free to reach out with any other questions you may have. I've been investing in SA for about 5 years and love helping people navigate the market down here.

Hey Matt, 

My wife and I have been investing in STRs and have added two properties over the past 12 months. I'd be happy to help you source properties as well as give any advice I could. I have a good network of contractors who I'd be happy to connect you with. The areas I'm loving for STRs are Denver Heights, Dignowity Hill, Tobin Hill as well as a few neighborhoods to the west of downtown. Any STR in the middle of the city with good access to 410 should have less seasonality than in areas more sensitive to tourism (like the areas I just mentioned). Give me a shout Matt, I'd love to connect.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $459,000
Cash invested: $90,000

Contributors:
Christopher Campbell

Luxurious, cascading, and open design. This 4 bed/4 bath comfortably sleeps up to 16 and can accommodate groups even larger. Amenities include: Sports court (Basketball), Pool with security fencing, Bar, Outdoor Patio with Grill & TV, Ring Security System, Mesh WiFi networking hardware, as well as a multitude of smart-home & Alexa-enabled features. Perfect for your next party or family get-together.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $459,000
Cash invested: $90,000

Contributors:
Christopher Campbell

Luxurious, cascading, and open design. This 4 bed/4 bath comfortably sleeps up to 16 and can accommodate groups even larger. Amenities include: Sports court (Basketball), Pool with security fencing, Bar, Outdoor Patio with Grill & TV, Ring Security System, Mesh WiFi networking hardware, as well as a multitude of smart-home & Alexa-enabled features. Perfect for your next party or family get-together. Plenty of parking. Located directly off of 410 in the heart of the city with convenient (15 minutes or less) access to all of San Antonio's many local attractions.

Wait for a deal with numbers that are exciting to you. Be patient and decisive - there are still good deals out there. They just don't last long.

 Karissa, 

As a fellow SA Investor I have built a solid network of contractors that I refer clients to. If I can help, don't hesitate to reach out.

Hey Carlos!

I believe RE Investing to be the #1 path to financial freedom, congrats on starting your journey. I remember feeling overwhelmed when I bought my first property here - about 4 years ago. Feel free to reach out if you ever need any advice or help. My number one tip to beginners is don't be afraid to jump right in and buy a decent deal. Doing that not only turned out for me financially, but greatly accelerated the learning process while building some confidence that I could be successful in this arena. 

Another Pro you might value is the privacy of an LLC. Anyone can look you up on public records and see that Jared Ryan owns that property. I personally don't like this, as it means if anyone were to sue you, or if you ever had to declare bankruptcy, or if anyone simply wanted to simply find your home address - it would all be listed on the Appraisal District's property profile.

One additional Pro - you can take all the cash flows coming into the LLC and set up a bi-monthly or monthly "salary" that you pay yourself/your spouse in order to establish the type of income (W2) needed to qualify for mortgages in your personal name. If you are attempting to use the rental income towards a loan application without employing this method, lenders will refuse to count the investment income until you have received it for 2 years. This applies on a property by property basis. So as you add additional properties, they will have to be cash flowing consistently for 2 whole years before you can count them in underwriting.

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $150,000
Cash invested: $30,000

Beautifully renovated 2/2 short-term vacation rental in historical Dignowity Hill, the oldest neighborhood in San Antonio. Located less than a mile from major downtown attractions including the River Walk, the Alamo, the San Antonio Museum of Art, the Pearl Brewery, the Alamodome & the Tower of Americas. Features a covered outdoor area which includes a hot-tub and fire-pit.

How did you finance this deal?

Hard Money to purchase, Cash-Out Refinance after 4 months into a 30-year mortgage.

How did you add value to the deal?

Invested in the guest's experience - added a covered backyard area with a slab, seating, and a hot-tub along with lawn games.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes I worked with contractors, lenders, and wholesalers that I would recommend.