All Forum Posts by: Grant W. Wilson

Hey Adrian, it's true the market is hot & fast right now. I would approach some realtors (maybe not wholesalers until you're a little more experienced) and ask to be included in their deal flow. This market still definitely has opportunities - my wife and I just bought a deal 4 months ago for 25% below market - on a fully renovated property. 

My advice is to know what you're looking for specifically so that when the deal comes along you're ready to pull the trigger with minimal analysis time. 

Don't get discouraged, be patient and stay ready! This is my favorite market in TX - I count myself fortunate to live here and have several properties (both ST & LT). The long-term fundamentals of the greater San Antonio area continue to be extremely attractive in my opinion. This view is what led me from being an investor to being an agent last year. 

Also, think about the "bull" case for real estate as a whole - as we continue printing paper money, real assets continue to rise in value. Arguably one of the best locations to buy real estate is TX (for a variety of reasons) and the least-inflated metropolitan market in TX is right here. Compare our prices to DFW, Houston, Austin and you start to see a lot more value. 

Hope this helps.

Hey Luke,

Maybe I'm biased because this is my market - but I own several real estate investments in the San Antonio area. This area is a great market. Our median prices across property types are all significantly less inflated than the Austin or DFW markets - we are the last affordable metroplex in Texas!

@Braxton Johnson I have a masters in accounting so I'm my own accountant for the time being hah! I echo Greg - it depends on the entity & tax elections, but what I've started doing is just using the holding company's bank acct to run expenses through and titling the property under that llc from the start (when I know it's going to be a long term hold).

In the other instance, I don't move transactions over to the holding company's books. They stay with the development llc, which operates at a loss.

Hey Tyra! My team and I are located in San Antonio, but we own investments in other markets & serve investors there as well. How's the Houston market from an investor's perspective?

Hi Braxton,

I have a similar entity structure for long term & short term holds. Once something is in my long term portfolio, I deed it from the short term (development) llc, and into the holding company llc. I deduct marketing expense as an operating expense against rents received. 

The way I do it, I run everything through the development llc until the property in question has been titled under the holding company's name. At that point, we switch things over. Does this help at all?

Hi Andrew, I've heard really good things about RentRedi.com as an all-in-one platform for landlords. I personally utilize a property manager, but a good amount of investors I know who do self-manage have said they really enjoy RentRedi's platform. Hope this helps!

Hey Jane, 

Interesting situation. My thoughts are this:

Do you have a trusted property management contact in the area? If so, they might have some experience with similar situations. My property manager is a tremendous resource for me when I encounter nuanced buying situations in my local market (San Antonio).

If not, I think it might be well worth your while to engage the services of a knowledgeable real-estate attorney to see what your options are. 

Good luck & let us know how it goes!

Hey Angelina! The market in San Antonio is great for investors & regular homeowners alike. We are the last affordable metroplex in Texas & continuing to grow rapidly. My team and I would love to help you get acclimated with the market down here. 

Hi Cindy, 

Personally I would hold the property as an investment and rent it out. If you want to access the capital consider a cash-out refinance or establishing a line of credit secured by the property. 

Hey Karissa, I love SA's market and have several rentals. I believe in it's long term potential as we are the last affordable metroplex in Texas. A great way to achieve higher returns would be to go the Short-Term route. This comes with some additional effort but is worth it in my experience.