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19 November 2024 | 1 reply
After reviewing the latest ordinances, reports, and city guidelines, here’s a summary of my findings as of 11/18/2024:Key FindingsPermit Types and Fees:Type 1 (Owner-Occupied): $300 for 3 years.Type 2 (Non-Owner-Occupied): $450 for 3 years.Density caps apply to Type 2 permits (12.5% of block face).Enforcement:3 violations in 3 years lead to permit revocation.Fines up to $500/day for violations.Hotel Occupancy Tax (HOT):City: 9%, County: 1.75%, State: 6%.Platforms like Airbnb and VRBO will remit directly to the city starting Feb 2025.Platform Obligations:STRs must have valid permits; unpermitted properties will be removed by platforms like Airbnb.Special Exceptions for Density Limits:Require approval by the Board of Adjustment (BOA).Zip Code BreakdownI focused on these 11 zip codes:Under San Antonio Rules:78205, 78204, 78215, 78210, 78212, 78245, 78258Independent Municipalities (Separate Rules):Alamo Heights (78209)Leon Valley (78238)Helotes (78023)Next Steps:Research density caps and zoning in specific zip codes.Dive into independent municipality rules for Alamo Heights, Leon Valley, and Helotes.Evaluate market maturity and income potential using tools like AirDNA.If anyone has experience operating STRs in San Antonio or these specific zip codes, I’d love to hear your insights, especially about density limits, enforcement trends, or community sentiment.Thanks in advance!
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4 November 2024 | 1 reply
Again, I give them the line and tell them the previous owner is responsible for all assessments during their ownership period.
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29 October 2024 | 5 replies
When tapping into your home’s value, you have two main options: a home equity loan and a HELOC (home equity line of credit).
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19 November 2024 | 8 replies
I have also read their book on self-managing.
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17 November 2024 | 0 replies
After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.
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6 November 2024 | 22 replies
I have a fully furnished home I want to put on Air BnB.
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2 November 2024 | 1 reply
I think I can get a policy online with the other requirements, but this waiver seems to be more difficult to find.
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17 November 2024 | 5 replies
I had this happen earlier this year since I was not on the agreement, but found the buyer the deal through a wholesaler.
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17 November 2024 | 9 replies
You have to ask lots of questions and make sure you have some level of understanding about cost segregation and not relying 100% on someone else, even though that is what you are paying them for.
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4 November 2024 | 10 replies
@Helene GoodworthTo expand your network, identify your areas of interest, highlight your construction skills' application to investment projects, actively participate in local and online groups, and seek mentorship and guidance from experienced investors.