All Forum Posts by: Will Pritchett

@Ernest Lopez Lots of good advice here.  First thing is to throw away their repair estimate and come up with your own.  Do network in person and see who to use and who to avoid.  There are companies in town that many newbies have been burned by. But there are a lot of good people out there too.  We've bought from several wholesalers locally.  Just generally the smaller operators.

Best of luck

@Jesse Boren You came to the right place.  My friend @David Pere blogs here on BP and is all about military investors.  Check him out.  I agree with what @Stuart Grazier said as well.  Learn all you can and save up some cash reserves and then try not to have to use it!  That's my favorite strategy.  

Best of luck

@Brian Shannon Lots to consider.  I find having too many options as overwhelming.  I will say that San Antonio doesn't have as many small multis as some cities do.  But Cap Rate is a good starting point to compare markets.  We do primarily single family investing in San Antonio.

In regards to San Antonio market analysis, my pals @John Barr and Jon Barbera at Pryme Homes do a nice market analysis.  Check out their site and market updates.

Best of luck,

Will

@Joe Casiasundefined

I am a huge fan of networking. You'll learn a ton. Do it regularly. Try the big groups like Alamo REIA and the smaller meetups. My friend @Rick Pozos has a local meetup.  You can learn be being around those doing what you want to do.  

Best of luck,

Will

@Luis Munoz I'm a little confused on the way you'd use the VA loan in Texas. Would you move here? And how does renting to a military family relate to the VA loan? I think I'm missing something. My buddy @David Pere knows the military investor stuff inside and out.  I'd recommend following him and the good stuff he puts out.

On another note, awesome job house hacking and being that close to a payoff! You should have a lot of options once that thing is paid off. Most of the lowest downpayment loans are going to be owner-occupied type of loans. For non-occupied loans, consider BRRRR ing them maybe. Just one idea.

Best of luck,

Will

@Heather Trinh this is an exciting time.  I have no idea what the market is in your part of LA.  Might be great.  Might not.  My family has a house in a small town in GA that we can hardly give away but in San Antonio would be a great home.  The old adage "location, location, location" rings true in this game.  But there are people making money all over the nation as seen here on BP.  The strategies may differ.

A few perks to SA are strong job and population growth and diversity of employers.  We are called "military city USA" but we have many other industries that support our economy.  It is competitive but you can still make investments work here.  Lots to do here from a social perspective.  I friend of mine @Alex Kamunyo is young like you and is making a strong start here in San Antonio.  He recently started a podcast you might like.  Search Money Monopolizers.  First episode was great.  He is closer to your age and he and his partner's experiences may resonate with you.  

All in all, I think it's a very personal decision.  Not sure this helped but I wish you the best and I think it's great to see young people considering real estate investing early in their careers.

Best of luck,

Will

Hello Alissa and welcome to BP!  You have come to the right place.  I'd like a little more information to help you.  Do you have a preferred area of town?  Do they need easy access to the Medical Center?  Do they have interests that might influence where they live?  Is proximity to you important?  Not sure if you are local.  I think this is still doable.  Do you want to do some renovations or do you want a more move-in ready property?  

Thanks,

Will

@Rick Levada We love rentals. We also love the BRRRR process. Message me for any neighborhood specific questions. We have rentals all over San Antonio and I can't say I have a favorite area but I have a general property type I like more than others. Learn the BRRRR process if you haven't already. Game changer for our business.

@Rick Levada I'm local.  What kind of investing interests you?  Give us some more info please.  Maybe we can be of more assistance.

@Andrew Humphries we buy and hold as well as a little flipping here in San Antonio.  I think that when you start out all of the options available can be overwhelming.  BP has members who make money in so many ways and in so many places.  It's kind of like picking spaghetti sauce.  I probably won't taste the difference between any two but there are like 30 varieties so I stand there for five minutes trying to decide.  

     Since people are successful locally, maybe rule out long-distance investing and focus on how to do this in our back yard?  Just one thought to removing some distractions.  Also, I think turnkey may be right for those who have more money than time (with a good provider).  But if you want to be an active investor, I'd do it yourself.  Not the labor but the deal finding and project management so that you learn more and can build on that foundation.  

     Just a few thoughts that may help eliminate some of the noise.  I know that feeling.  Connect with me here if I can help out.

Best of luck