All Forum Posts by: Tiffanie Figueroa

Landscaping depends on trees/bushes/flowerbeds etc. I would say $250 on average monthly. If your property has lots of southern live oaks you need to factor in another $500-$800 every other year for tree trimming

As for scorpions, spiders, snakes etc. I’ve not had a problem with any of these in the 2 years I’ve lived here. I moved from north GA and had way more bug issues there. However I would still recommend regular pest control service which is usually around $50 monthly

I'm on the Investment Team at PMI Birdy Properties and help clients acquire properties for use as STR. My brokerage also manages over 100 STR doors in the area but you are not required to use their services if you use me as an agent.

Feel free to reach out if you have any other questions

1 Vote

Seattle, Washington

Quote from @Todd Thompson:

Quote from @Tiffanie Figueroa:

Quote from @Todd Thompson:

Hello BP Community!

I am just starting my investing journey, but I have been listening to BP for almost 2 years now, doing a lot of research, and getting myself into a better situation financially. I've narrowed down the cities I am looking to invest in, and San Antonio is at the top - specifically I am looking at zip codes 78205, 78215, 78202, 78212, 78209, and parts of 78204 and 78210. I am going to house hack as my strategy, and my goal is to buy within the next 6-9 months.

Is there anyone with any experience house hacking in San Antonio? Can anyone speak to these specific submarkets/zip codes?

I have yet to speak with an agent or a broker, but will be looking for ones that are investor friendly.

Background that may be useful:
- Currently have a remote W2 job, with no intention of leaving it
- Ideally looking for an area that provides 60/40 appreciation to cash flow, if such a thing exists
- Happy to provide more info or details about my situation/buy box/strategy

Thanks in advance!
Todd

House hacking is one of the best strategies for investing right now. I think it makes a lot of sense for the San Antonio market.

Another form of house hacking is rent by the room. There’s new construction here that qualifies for USDA no money down AND they are buying down the interest rate.

I’m an agent on the Investment Team at PMI Birdy properties. Let me know if you would like to schedule some time to talk more

Thanks Tiffanie! I'm pretty much looking for small multifamily, and a couple other options - I'm not really interested in renting out by the room. I thought USDA loans were more for rural areas?

You are correct. In San Antonio they are building new construction neighborhoods just outside the city limits that qualifies for USDA. It is also near a large training air force base which would work great for rent by the room or just house hacking in general. Renting by the room is certainly not for everyone. Even “traditional” house hacking is great considering todays interest rates and then if you use one of the units as an STR it’s an equation for success. House hacking a 2-4 MF unit is definitely a great strategy that would work in SA

0 Votes

San Antonio, Texas

Quote from @Todd Thompson:

Hello BP Community!

Is there anyone with any experience house hacking in San Antonio? Can anyone speak to these specific submarkets/zip codes?

I have yet to speak with an agent or a broker, but will be looking for ones that are investor friendly.

Thanks in advance!
Todd

0 Votes

San Antonio, Texas

Quote from @Abib Ben:

Hello, it's great to be here!

I don't know how disrespectful or common this strategy is, but I feel like this is a really easy way to "get my reps in" as told in the podcasts.

The idea, obviously, is analyze these older listings, determine what I would pay for it, and reach out with the offer...

Will I be received poorly from the owner's agent?

In San Antonio listing agents are receiving low ball cash offers quite often. But as far as how you are perceived - that shouldn’t be a concern. If they want to accept your offer they can and if not then they won’t. Let me know if I can be of service in the San Antonio area

1 Vote

Quote from @Shawn Slough:

Who’s still having success with flips in San Antonio?

Flips are a bit scary right now with homes sitting on the market longer. If you price it right and do an A+ flip you will get multiple offers. But if you do a half a$$ job and try to overprice it will sit there. What some are doing is using it as an STR while you wait for the equity to build and cash out later

2 Votes

San Antonio, Texas

We manage over 100 and use beyond pricing.

0 Votes

Tampa, Florida

Our company charges 25%. We handle the permitting process, bookings, all guest correspondence, 24 hrs emergency, syndication to 50+ sites, dynamic pricing, marketing, coordination of cleaning etc

1 Vote

Columbus, Ohio

For most of my clients I try to aim for 18% and above. Estimated annual revenue before any expenses divided by Purchase price

1 Vote

Quote from @Darius Kirksey:

Hello, I am CA-based looking to purchase a long term/BRRR in the San Antonio area, and would like to hear any input on the challenges and experiences with out of state investing particular in TX. Also I wanted input on how the higher property taxes in TX may affect potential for cash flow. Thanks in advance.

Hey there! I’m with the Investment Team at PMI Birdy Properties and as the name suggests we primarily help investors acquire properties in San Antonio. I’d be happy to schedule a time to discuss San Antonio and if it is the right market for you

1 Vote

San Antonio, Texas

Quote from @Robby Sanchez:

Thank you! I'm looking for multi families in San antonio! If you have any listings feel free to send them my way. If I win you win too!

Hey Robby! Can you send me more info about your MF criteria and your contact info?

1 Vote

Austin, Texas

All Forum Posts by: Tiffanie Figueroa

Tiffanie Figueroa has started 0 posts and replied 40 times.

Post: STR/MTR Investors in San Antonio

Post: Starting My Investing Journey - Looking at San Antonio

Post: Starting My Investing Journey - Looking at San Antonio

Post: Introduction - Thoughts on lowballing old listings

Post: Still having success with flips?

Post: Direct booking web.

Post: STR property management

Post: Is there a rule similar to the 1% rule for short term rental purchases?

Post: OOS looking to do LTR BRRRR in TX

Post: LETS GET TOGETHOR AND DO SOME DEALS!