All Forum Posts by: Will Pritchett

Aroldo,

Welcome to San Antonio. We are novices too but closing on our second rental this month. I see sound reasoning on both sides of this one. My first house became my rental but definitely wasn't bought with the eye of an investor. It cash flows only because I have had it for so long. I would warn you to be careful with some of the programs for teachers and firefighters etc such as the "good neighbor next door" (if it still exists) program which can get you into a house cheaply but will tie your hands from buying other properties for three years. This is according to a guy at work who is pacing while he waits through this time out so he can get into the game.

Feel free to PM me if you need any info regarding San Antonio. We are investing in the northwest area in Northside school district.

Good luck!

Hello Chris, I am actively investing in San Antonio. Feel free to PM me. We are buying to hold. Thanks

Frank, I will use my first post to ask you a question from your first post. I am in San Antonio and curious what metrics you use to compare markets. When you compared my city to So Cal I was surprised. Not that you are incorrect; it is just that I am new to this. I have one rental and I am looking for a second one now. I obviously want to find one below market value. I am wondering now if I am going to need to wage an expensive campaign to find one property per year. Or maybe I should wait until a better time to buy? Eventually getting a good deal will be negated by the expense incurred marketing. I am interested in buy and hold and don't need high volume. I am impressed that you can follow other markets and I haven't even figured out how to understand my own market. Any feedback is appreciated. Hope I didn't hijack your thread; just looking to learn from your experiences. Thank you