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All Forum Posts by: Tiffanie Figueroa

Tiffanie Figueroa has started 0 posts and replied 40 times.

Post: What’s working for you?

Tiffanie FigueroaPosted
  • Posts 42
  • Votes 21
Quote from @Shawn Slough:

Curious to know what’s working for you currently in the San Antonio market? Fix and flip, rentals, or other strategies? What areas of town are you finding your most success?

Our clients that were previously focused on LTR have switched to STR

Post: Multi-family investing in San Antonio area

Tiffanie FigueroaPosted
  • Posts 42
  • Votes 21
Quote from @Lily Daudert:

I'm looking to invest in 2-4 unit properties in the San Antonio area. Looking for a realtor with REI experience for out-of-state investors. Thanks in advance!

Hey Lily! I’m on the Investment Team at PMI Birdy Properties and working with Investors is what we do with the majority of them being out of state. 

Post: Newbie here Georgia

Tiffanie FigueroaPosted
  • Posts 42
  • Votes 21
Quote from @Luke Lee:

Hi all, heard so much about BP over the years. Now finally and ready and just join the community.

What do you guys think about the BRRRR market in Columbus, GA?

It’s a great market for BRRRR. I have a friend who is doing this strategy there. She’s a realtor and property manager there as well. I think she would be a great resource for you. Let me know if you’d like her info
Quote from @James R. Copeland:

We're in a bit of a pickle and have only a couple of months to find a 4-plex somewhere in the lower 48 that will cashflow, that we can then move into later in the year. We bought some properties a few years ago and it seemed like 1%'ers were like shooting fish in a barrel. Combing TX and FL now makes it seem MUCH more difficult. 

Some context, I have a wife and small daughter so we'd rather not live in a rougher area. Am I nuts, or is it really super difficult to find anything that actually cashflows right now that is also move in ready? 

This is true for San Antonio. It’s rare that I find a 1% MF and if I do it is in rough shape. Best of luck!
Quote from @John Underwood:
Quote from @Tiffanie Figueroa:
Quote from @John Underwood:

There are so many STR friendly markets. I'm never going to buy in a location where they already have restrictions. These areas could easily keep getting more restrictive over time, not less.

I think there are pros and cons to a market that has restrictions vs ones that don’t. 

For markets that are completely unregulated it is a concern that in the future they ban STR and you get shut down. This happened in a nearby town because the STR market was overpowering the locals. 

Places like Branson or Pigeon Forge, STR regulations is never going to be an issue because these are tourist towns.

Very true. I myself would not invest in a market that relies solely on tourism but I understand it’s great for some people
Quote from @John Underwood:

There are so many STR friendly markets. I'm never going to buy in a location where they already have restrictions. These areas could easily keep getting more restrictive over time, not less.

I think there are pros and cons to a market that has restrictions vs ones that don’t. 

For markets that are completely unregulated it is a concern that in the future they ban STR and you get shut down. This happened in a nearby town because the STR market was overpowering the locals. 
Quote from @Lianna Utley:

Hello All: I have a vacation rental in Door County Wi. It is technically a 3 bed 1 bath house. But I have only been able to rent it as a 2 bedroom as there is a city rule surrounding the septic. For whatever reason when the septic was built, it was built too small for the house only allowing 2 bedrooms to be rented (which I knew when I bought). To update it will be $15k. 

Question is -- is it worth updating knowing we only have 1 bathroom? Is 3 Bedrooms 1 bath something people are interested in? Long term goal is to add an addition which would make it a 3 bed 3 bath house but based on contractors schedules it will probably be another year. 

Also any feedback on my listing would be great. Used evolve for the first year (broke even) and am now trying my hand self managing. Airbnb Listing

Hey Lianna! Your Cottage is adorable, I love it!!

1. I would check whatever pricing tool you use to see what the difference in revenue is for a 2/1 vs a 3/2, 3/3 to see if it is worth it. In our market AirDNA rentalizer tool is fairly accurate so that’s what we use. We do pay for our market so we can see the comps and verify that they are accurate. 

2. As a general rule of thumb we try not to exceed more than 2 bedrooms or 4 people per bathroom. 

3. We love adding plants/greenery to our decor. This makes your guests feel welcome and relaxed

4. Do you have an outdoor lounge area? Firepit? Rocking chairs? We found that investing in outdoor space can increase revenue 
Quote from @Alexander Canalini:

I have a question. Would you purchase a property intended for a rental, that is directly behind a military base? I noticed (2) holes in the window that faces the base, they look like bullet holes. Is this something happens when living close to military bases? Any advice would be greatly appreciated.

I would recommend looking at the crime reports in the area. I met with a renter who was moving due to gun violence in Converse which is outside of Randolph AFB
Quote from @Frank Rodriguez:

I have a potential investment property coming into the market soon on the NE side of San Antonio. Was curious how my fellow agents/real estate professionals go about marketing their investor special listings? 

There are a few San Antonio Facebook groups I see deals posted in. Add any keywords that your target clientele might search for in the remarks section. Is it an “Investor Special”, great for STR, buy and hold, fixer upper? Those are terms I’ve searched for in the MLS when looking for clients. 
Quote from @Account Closed:

Hello All!

I am looking to jump into the single family long term rental market in the Austin to San Antonio corridor and am trying to determine what markets are most accessible. I have in depth background in acquiring and stabilizing this type of asset in other parts of the country but am new to this corridor. Any insight on where I could acquire single family properties here in the sub 300k would be extremely appreciated.

Just general market suggestions would be helpful but any additional help or detail would be greatly appreciated! I am very well versed in the northeast market if anyone would like to swap info!

Hey there! I’d be happy to give you market insights in the San Antonio and surrounding areas. A lot of investors have been interested in Seguin due to the new developments going in. 

Foundation problems are prevalent here. A lot of properties my clients find and send to me because they think it’s a great deal usually have foundation problems. If you want to avoid that I would start your search at $250K. 

Feel free to reach out if you’d like to chat more.