All Forum Posts by: Tim Macy

What kind of properties are you looking for?  I love Floresville and we've helped clients buy in La Vernia, but those are pretty rural.  You have a much different tenant out there. 

I love the idea of following the experts, but I would follow HEB and Starbucks in San Antonio area, I don't think Wal Mart is as good an indicator. 

You'll likely find much better cash-flow in Ohio than the major Texas markets. Lower priced properties in DFW and San Antonio area are going up in price quickly and it's definitely eating into any COC return for investors buying single family right now. Most of the investors we're working with are buying with a 1031 exchange and buying for security. We have so many people moving to San Antonio that there is high rental demand, low vacancy rates, and a market that should do much better in a downturn than others.

As others have said, property taxes eat into cash flow.  

The biggest thing as an out of state investor is having people you can trust.  Most people have negative outcomes because of the people they worked with.  There are great people and not so great people in every market. 

Congrats on purchasing the new build!  The most important thing about doing flips is finding a good deal.  You may find those from wholesalers or agents, but the best deals you're going to find are going to be the ones you find yourself where you're direct to the seller.  When you're doing flips, you really do make your money when you buy.  Everyone likes to get caught up in the finishes and the flashy stuff, but I've seen beautiful projects that lose money because they paid too much for the property.  Knock some doors and go find yourself a deal!

Hey Ryan, 

This is a tough market in to invest remotely, how often do you think you'll be here?  Love to chat when you're in town. 

Jacob, 

Your approach isn't conventional, but after owning older properties and helping investors buy older properties, I understand where you're coming from.  So much of cashflow can be wiped with one major expense, the less stress of newer properties is sometimes well worth the return.  

I would still push back some on the new build idea.  Sometimes you can get a good deal on inventory homes, but we usually get the best deals on pre-owned homes.  A lot of time we just play the offer game, submitting lower offers on these newer pre-owned homes until someone bites, especially this time of year.  That way you can get a newer home at a decent price, a lot of times on the new homes, you're immediately underwater.

@Heather H. I would say slowing growth.  I've seen some investors get saved by the growing market, I think that will happen less. 

@Seth Teel what do you think? 

There has been a lot of great growth on the east side, but active listings in Dignowity Hill is up 40% from last year and inventory is at 7.3 months.  The East Side was rapidly increasing in value as a result of the soaring prices in Dignowity, but it seems we'll likely have a correction in Dignowity which means increases in value on the East Side will probably slow down a little bit as well.

Hey @Greg Mesa,

Feel free to give me a call, I'd love to chat and see how I can help you. 

@Starr Munoz @Neems Y. I just saw this thread was revived!  

When we talk about cap rates with mutli family, its my opinion that they are at an all time low.  As interest rates tick up, cap rates will go up, and I think multi's will level off or decrease in value.

I'm not a commercial expert by any means, but cap rates have been compressed and it seems like investors have been taking advantage of getting cheap money on real estate.  When the money isn't cheap, I think values will come down.

Affordable single family homes are in high demand, and I think affordable single family will continue to be in demand even with a market correction, thats why I think overall it's a better buy.  Obviously there are great deals in every market, but this is just a broad strokes opinion of the market. 

@Jake Harris much more excited for this project and the eastide/southtown than I was a year ago.  Exciting times!