All Forum Posts by: Arissa Pedroza

I really don't think NB can sustain rents like Austin. It is still growing but is a long way away. If you want to do a SFH, go to San Marcus. The have a deficit of housing for students.

I live in San Antonio and when I am looking for a cash flow property and I start with the 1% rule. That means the rents should be 1% of the purchase price. Given that the ARV is $120k and the rents are $1300, that is above the 1% rule and would be appealing for a cash flow investor. As far as cash flow, I am able to cash flow at least $300 a month after mortgage, taxes, insurance, maintenance, PM fees, etc. What are you cash flowing?

The ones that are super high on a pole like 20 feet and stapled to the pole lol. Outside on Home Depot has always been good to me, lots of calls.  Bandit signs are what they are.  They are cheap but disposable and go missing fairly quickly.  I haven't come across any particular way they stay longer.

Water - only if this is a multi family situation and there is one meter for the entire building, then you can submeter.  Admin Fee of $50.  Pet fee is a non refundable fee you can charge.  As in the pet deposit is $150 and the pet fee is $150, for a total of $300 prior to move in and then $15 a month in pet rent :)

I am in San Antonio and its about $80 a square foot.  Just look up custom multi family builders.

Parking (covered, garage or premium parking)

Trash

Laundry

Vending (with multi units)

Water

Late Fees

Admin Fee when applying

Pet rent

Pet fee - non refundable

I would offer the cost of the lot and offer to take care of any compliance/code issues as you will be tearing down the house and rebuilding it to code.  Saves them the hassle of the tear down and the time and cost to sell the lot.

BBB

Bank Statements in their name or LLC

Referrals 

Properties they have been involved with 

Use USPA.gov and you can go as small or as large as you want because you can go by every mail route.  Its super cheap and they make it and mail it for you :)

I am an investor and REALTOR in San Antonio  Are you using a GC?  If so, you need a permit if you are changing a water heater, updating the elc and plumbing and windows if you are adding them, not just replacing.  Your GC should know all of this.  A $30k rehab here means most of the home is being updated if you are under 2000 SF.  I would love to connect!