All Forum Posts by: Vamseedhar Vuppu

Quote from @Jason Taken:

Quote from @Vamseedhar Vuppu:

Hi,

I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.

I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?

I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?

Here are pros and cons, I can think of.

Pros:

- Incentives and brand new home!

- Maybe a little appreciation opportunity.

Cons:

- Can't negotiate on purchase price

- Property tax may catch up and higher monthly payments after first year

- A similar plan may be available for less rent in market (Rentbility)

 Do you have the specifics on the deal you're looking at? Numbers? Location?

The deal I'm looking is around the Talise De Culebra area. The Purchase Price is $279,000(2021 build, 3b/2.5b), planning to put an offer for $255k - $265k. Just wondering how is this area. Good rental market? 

Expecting rent around $1900/month. My monthly payments coming around $1700.

Hi,

I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.

I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?

I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?

Here are pros and cons, I can think of.

Pros:

- Incentives and brand new home!

- Maybe a little appreciation opportunity.

Cons:

- Can't negotiate on purchase price

- Property tax may catch up and higher monthly payments after first year

- A similar plan may be available for less rent in market (Rentbility)

Quote from @Brandon Croucier:

I wouldn't be buying in CA.

Growing up in the SoCal area, yes the appreciation has been great the past 20 years; but they way the state is headed, people continue to leave.

Red tape in California has caused business to evacuate, high net worth individuals are also beginning to exit the state.

Food for thought.

 Thanks Brandon. Do you think in Dallas or Austin TX will I be able to find properties that can generate some cash flow? 

I'm planning to buy my first rental property. Below is my budget.

$$ Range = max 350k

Down payment = max 25%

Goal = Positive cash flow and appreciation(if possible)

I'm thinking about 2 options. 1. Buying rental in southern California(I live here) 2. Out of state in Raleigh,NC(Have a friend here)

In southern California(orange county) not able to find any thing affordable in our budget. If we find anything, no cashflow and only thing I'm banking on is home appreciation in future. Thats a lot of risk for first rental.

In Raleigh, NC. I could find property that is in my budget. I have contacted couple of real estate agents, they want me to fly in to look at properties.  Is that how it works for out of state investment? do you guys has to fly in to checkout the properties 

What are the areas I should look around Raleigh for good rental property?