All Forum Posts by: Arissa Pedroza

Ok so then there may already be a survey on the property. Check with that title company that wouldn't insure the property. That makes sense that they wouldn't insure it  because of that issue, so yes if you can get the title company to give you a general warranty deed  and Title Insurance then you won't have any issues moving forward.  Yes you can have a property surveyed that you do not own . Yes the easement would be attached to that lot and it would be legal

I use Goosehead Insurance for any builders risk or vacant dwelling policy I need

I would request a survey or have them pin the property lines to determine who actually owns it- since it is a foreclosure they probably will not have a survey and may refuse to pay.  A survey costs $350 and to pin the property may only cost $125.  Any land surveyor can do it.  Now IF the neighbor truly does own that you can get the neighbor to agree to an easement.  If they are willing to, you can file it when you purchase the house at closing to make it record it with the County Clerk.

Contact Jade Flores with Longhorn Investments or Nicole with DHLC.com. Both do 70% ARV and I have personally used both and they are great! Tell them I referred you :)

A lot of my out of state clients are in California.  With the high price of homes and large amount of gap funds needed to do a flip there, they are turning to other areas, specifically Texas.  I only flip and get cash flow properties here in San Antonio because quite simply, I just know the Market I am in.  San Antonio is often looked over because most people tend to go to Dallas, Austin and Houston - which is fine with me because I can get 3-4 off market houses and sell them to investors who want to flip or find cash flows with at least a 10% cap rate - including the mortgage, all expenses, taxes, etc and a min of $500 in your pocket deals.  Personally I love it here.  Houses are cheap, people are buying, it is a steady incline and we don't get 'bubbles' and don't really get effected by recessions.  We are steady eddy here :)

absolutely. This is somewhat of an untapped market and it appeals to a lot of people because there is an influx of military as well as future job growth and potential. I think San Antonio is poised to become what Austin and Houston are just about 5 years backwards which leaves investor the potential to move forward and make that happen

Arissa

I am an investor and agent. I deal with mostly cash flow investors both with MLS and off market properties. Right now I have quite a few single family rentals , fourplexes and a 20-unit portfolio that I can send you. All the properties I send and vet have at least a 10% cap rate and cash flow very heavily. PM me for my contact info. Arissa

if it's been vacant that long and you need 10 kitchens and at least 10 bathrooms your estimate of 120k is going to be a lot higher. What you can do is have an agent Compu out rentals within a mile radius to see what it would be to rent out. In addition you can also see what's old and multifamily within about a 5-mile radius and always of course use the 1% rule to calculate the arv. I'm an agent here in San Antonio so if you have any questions I'll be more than happy to help you

Hi fellow agents!

I am thinking of getting a Torchx membership and wanted to see if any one has used them before. I was on a team that used Boomtown, I am familiar with the platform.  What I am interested in to see is if you saw a significant boost in your qualified leads and what you thought about it in general. 

@John Barr You sum it up perfectly!  I 100% agree with your analysis and calculations and concur on the areas mentioned.  I am partial to the 78202 because I love older homes and love the gentrification but I also agree alot of speculative neighborhoods have activity.  I am also partial to the 78216 because it is so central.

Thanks for taking the time to write this :)

Arissa