Sherylyn Holden
New Short Term Rental Rules in San Antonio, TX
30 December 2024 | 13 replies
Therefore, your request for a Type 2 STR exceeded the maximum 12.5% blockface density and the only way that staff can approve this request is for the Board of Adjustment (BOA) to grant a Special Exception for the rental.Based on this information your STR permit has been cancelled.
Gregory Chadwell
Anyone use APPFOLIO?
7 January 2025 | 6 replies
I'll looking forward to your immediate response.Please resolve this issue ASAP, our tenants have already submitted the rental payment to your Appfolio account $49,987.00(attached report), however it is NOT showing this amount in your account at all, not even mention transfer the fund to our BOA account.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
In other words, I already have a checking and savings with BoA, but I would create a 2nd savings account (within my regular account) and put all the rental properties last months and security into that account (combined).Is this the correct way to prevent co-mingling of funds, or what would you recommend?
Mark Beekman
Where can my LLC get a HELOC?
9 January 2025 | 15 replies
Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.
Kylie A.
Best Business Bank Account For Real Estate Investor
28 December 2024 | 13 replies
The best banks that I have found based on your main concerns are smaller, regional, community sized banks. i realized imma go with amex for now bc there business credit cards are good, then if i make more ill switch to chase or maybe boa
James Dugan
Texas - Keeping HELOC when changing Primary residence
20 December 2024 | 4 replies
I ain’t no lawyer (except on the Internet), so will possibly have to resort to checking with the lender (BoA) to confirm as I didn’t see anything in the contract that suggested that it closes if I’m no longer resident.James
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
No Electric or running water.At the bottom is a young Boa.
Matt Wan
Does paying off a mortgage early affect future loans?
2 December 2024 | 6 replies
The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.
Edward Zachary Samperio
San Antonio STR Regulations: Summary of Findings and Next Steps
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!
Bruce Lynn
Everyone wants to buy a foreclosure until they get to see inside the property
1 December 2024 | 134 replies
WE took 16 40 yard dumpters off of that house property and various vehicles etc etc. there was also a live boa constrictor that scared the heck out of one of the workers it got away ( of course) and the police wanted me to walk to all the neighbors and warn them to watch out for their cats:)WE demo's the house and I built a 1.5 mil dollar spec on it.