All Forum Posts by: Tim Patrick

We work primarily in the historic districts, with single family homes, so are very familiar with HDRC. Their main focus is to make sure the exterior remains historically accurate. Things like siding and roof, windows and doors, porches and fence. Each historical neighborhood has it's own set of guidelines as to exterior paint colors and landscaping, but those can easily be navigated with proper paperwork to receive an approval letter.

Other things to look for are foundation, water damage to sub floor in kitchen and bath areas, lack of insulation, etc. You're right on plumbing and electrical and that is typically two of the biggest areas of concern. We work with investors on flips, so the level of rehab detail is more than what you would need for buy and hold. 

My wife and I are investors, but also work with the investing community on historical design projects. Feel free to message me if you want to discuss further.

Good analysis. Thanks John. 

@Liz C. Sent you a request to connect, so we can PM. 

Welcome Liz. Here to help and answer questions.

Good morning. We had our first lease option contract signed yesterday. Looking for an affordable way to collect online monthly payment. No other rental properties yet, so wanted recommendations on a company that can work with us now and be scalable later. Thank you.

@Tristan Cortez what are the details of the developments?

Welcome to BP. More than happy to answer questions and help you connect In San Antonio.

Alamo REIA has a House Flippers Focus Group tonight at 6pm. Good information and networking.

Agree with what has been stated. Flipping in hot markets (like San Antonio) and buy and hold in stable markets (Cleveland, Detroit, Kansas City, Buffalo, etc.). If investing in another market, having key contacts in place is a must. One alternative may be turnkey rentals, where property has been rehabbed, with property management and a quality renter already in place. Several companies do that; just depends on which markets you are interested in. 

Best wishes on your investment journey and God bless.

Welcome Jerry. We look forward to getting to know you and are here to help you and your family in your real estate investing journey. Best wishes and God bless.