All Forum Posts by: Trevor Candice

@Seth Teel - 100%.  I was looking at the ADUs but the fact that they stop being adus once the owner moves out seems like a massive headache.  Any suggestions on finding someone that knows the zoning without them blowing smoke :)

Hello,

I'm a new investor trying to get started in San Antonio. I'm looking for strategies that will cash flow in this market and coming up short other than doing an STR. Since i'm going to be living in it as an owner occupied loan, do people have any suggestions on property types i should target. It seems that a small multi would be better but i'm struggling to assess what a true multi in this area is. There are casitas but it seems a lot of those aren't actually permitted and allowed as ADUs. Any suggestions. (High credit score. Make above the medianm SA income, healthy down payment amount saved)

Hello,

I'm a new investor trying to get started in San Antonio. I'm looking for strategies that will cash flow in this market and coming up short other than doing an STR. Since i'm going to be living in it as an owner occupied loan, do people have any suggestions on property types i should target. It seems that a small multi would be better but i'm struggling to assess what a true multi in this area is. There are casitas but it seems a lot of those aren't actually permitted and allowed as ADUs. Any suggestions. (High credit score. Make above the medianm SA income, healthy down payment amount saved)

@James G., its either buy the book or get experience doing it yourself (aka, buy an easy house and fix it up).  those price points for learning are soo far apart. There has got to be a better way to learn this stuff.  I work a regular w2 job that i enjoy but is demanding.  i'm not trying to learn how to do it so i can know how to do it in the future.  I just want to know what's it going to take so i can start looking and seeing deals.  

I’ve read the book that’s thrown around when this topic comes up. Its fantastic. But it doesn’t solve that need for a newbie. The need of how to look at a house and see its problems and what’s that going to cost. With the book, once you know your problems, then you just whip it out and start plotting it down based on your issue. Chapter x is flooring, flip to flooring, do some calculation. Then voila, you got your budget. What I need, and I suspect others out there, is the step before that. I need the help identifying the issue and figuring out what is worth it.

I’m not looking for short-cuts. I’m not looking to cut corners. I’m looking for a better way of learning that solves my need. So, here’s my solution:

I would love, love it, if some GC was willing was to help with the following: We'll take some example houses I'd hope my ARV house to aspire to and then we'll compare them to several in the area that aren't as nice and need work. What I'm hoping from this exercise is to learn what's it going to take from a cost/time perspective. Help me to see what things to look out for. Rough, rough, estimates of what's it going to cost, how much value that's going to generate, and is it worth it. All the things that would help me start being able to flip through properties on my own and call out issues, fixes, and to some degree rough costs.

That’s how I need help estimating rehabs. That’s the book I need. That’s the course I need!