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Forbes High on Texas for Real Estate Investing and Lifestyle

If you are looking for a good place to move with affordable, growing real estate prices, good job opportunities and high ROI real estate investment opportunities, you should strongly consider Texas, and San Antonio.

Don’t take our word for it: Forbes magazine has been touting the many economic benefits of living and investing in real estate in Texas in 2017.

According to a Forbes analysis of realtor.com data in 2017, San Antonio is the #4 city in America for where people are moving to. The median home price, while it has gone up since 2012, is still a reasonable $275,000. Unemployment is very low in San Antonio at just 3.7%.

Austin is ranked #5 for where people are moving, and the unemployment rate is just 3.1%. The median home price is up to $399,000, however.

When it comes to investing in high ROI real estate investments, you will have a hard time finding a better place than Texas, Forbes also reports. Many Texas cities, including San Antonio, receive high marks both for affordability and growth. Those are two of the most important factors when you are thinking about investing in real estate.

Forbes notes that Texas has several spots on its top 20 cities to invest in. It explains that the recession and housing crisis did not hit this state as hard as the rest of the US. This means that the state has bounced back faster and has been adding more jobs for longer and faster than most of the US. Job opportunities and affordable real estate have led more people to move to Texas, as of 2015, than any state other than Florida.

The magazine states that San Antonio is one of the top 20 places to invest for 2017 because the population of the city grew by an impressive 6.5% from 2012-2015. In 2016, home prices gained 7% in value and jobs growth was 1.7%. Homes are still under valued by 7%.

If you are looking for a good under market value investment opportunity in San Antonio, consider this one:

  • Address: 1319 S Hamilton St., San Antonio, TX 78207
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors  – Another Major cash flow opportunity, 30% instant equity under market value, almost cute cottage, needs minor help, booming San Antonio Market West of Downtown,  2 beds, 1 bath, 616 sqft, lot size: .05 acres, estimated repairs: 5K, clean/lawn maintenance/interior paint/front paint. Max After Repair Value: 75K
  • Cash Price on San Antonio Fixer Upper:  $45,000 CASH ONLY
  • Exit Strategy: Owner Finance with 5k in repairs: 5Kdown payment, $750.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 75K, see attached sold/rental comparables.

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SOLD – 315 Nopal St., San Antonio, TX 78210

Address: 315 Nopal St., San Antonio, TX 78210

Description: Affordable homes are at an all time high demand in San Antonio,  This high ROI investment is a Cash King, area is booming with appreciation. You can buy/rehab and resell or hold, excellent location east of downtown, currently zoned as a duplex, needs to be converted to single family house, 3 beds, 1 bath, 1,008 sqft., estimated repairs: 40K, clean/lawn maintenance/interior paint/exterior paint, plumbing/electrical up to code, flooring, sheetrock/texture, roof, foundation. Max After Repair Value: 149K

Price: $59,000 Cash

Exit Strategy: Owner Finance with 10k in repairs: 5K down payment, $995.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 99K, see attached sold comparables.

Comps: rental comps 315 Nopal Sold Comps 315 Nopal

More Information: Please contact us. 

More Images: 

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SOLD – 1614 Alametos, San Antonio, TX 78201

Investors, flip this house! $55,000 cash price, $50,000 rehab, $30,000 to $40,000 profit!

  • Address: 1614 Alametos, San Antonio, TX 78201
  • Description: San Antonio flip investors and real estate investors  – Flip this house, river walk extension being built in LA Heights neighborhood, exceptional back yard, perfect location north of downtown, 3 beds, 1 bath, 1,400 sqft, lot size: .14 acres,
  • Cash Price on San Antonio Fixer Upper:  $55,000 CASH under market value 30%
  • Exit Strategy: Flip – estimated repairs: 50K, clean/lawn maintenance/interior paint/exterior paint, plumbing/electrical up to code, flooring, sheetrock/texture, roof, foundation. Max After Repair Value: 149K
  • Sold and Rental Comps: Sold Comps 1614 Alametos
  • For more information, please contact us. 

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Seeking Hungry Real Estate Agents in San Antonio

TexasCashFlow.com is seeking licensed real estate agents in San Antonio who will help us find buyers for our investment properties. Some of these buyers could be end buyers who are buying the home through owner financing. Others could be cash buyers who are buying the properties as investments.

If you are a licensed real estate agent in San Antonio and want to make money selling affordable homes, and to be mentored into a successful real estate investment organization, please contact us. 

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San Antonio Housing Market Was Red Hot in 2016

The housing market in San Antonio in 2016 was hot as home prices went to the highest levels ever. The local paper reported that 29,508 homes were sold, which was more than an eight percent increase from 2015.

The median price for San Antonio real estate increased six percent to $204,300. This was the very first time that the median sales price had been over $200,000 for an entire year, including the real estate boom years of a decade ago.

Also, the inventory of homes that are available dropped in December 2016 to only three months. this indicates there are more buyers than sellers in San Antonio.

So what does this mean for San Antonio real estate investors? Well in my experience, it means that real estate prices are going up, and buying homes for many people in San Antonio is becoming more difficult. For people who earn a good income of course, the homes in San Antonio are very reasonable.

But for people who earn $3000 per month and don’t have credit, buying a home with conventional financing is very difficult. That is the reason I focus my San Antonio investment strategy on owner financing.

Here is a good example of an under market value property that I am selling right now:

  • Finance Your Investment Properties
  • Address: 1319 S Hamilton St., San Antonio, TX 78207
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors  – Another Major cash flow opportunity, 30% instant equity under market value, almost cute cottage, needs minor help, booming San Antonio Market West of Downtown,  2 beds, 1 bath, 616 sqft, lot size: .05 acres, estimated repairs: 5K, clean/lawn maintenance/interior paint/front paint. Max After Repair Value: 69K
  • Cash Price on San Antonio Fixer Upper:  $42,000 CASH ONLY
  • Exit Strategy: Owner Finance with 5k in repairs: 5Kdown payment, $695.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 69K, see attached sold/rental comparables.
  • Sold and Rental Comps: Sold Comps 1301 S Hamiltonrental comps 1301 s hamilton

This property is only $42k cash, and with $5k in repairs, you can sell this with owner financing (you’re the bank), to a family with job and income but no credit. The major advantages of this type of deal are that you do not have repair expenses ongoing. Also, you can limit your initial out of pocket costs. If you were to rent this house out, you would have to do $20,000 in repairs, not $5000.

Owner financed homes is the backbone of my real estate investment portfolio in San Antonio. Each home earns at least 10% ROI with no expenses.  This type of buy and hold investing helps to support the working families of San Antonio as well, so it is a win win.

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Want to Finance Your San Antonio Investment Properties?

TexasCashFlow.com is happy to be working with Gary Curran, a leading Texas mortgage broker and Florida mortgage broker (NMLS: 248863; NMLS: 1306112; BRE:  01789058).

He has several excellent San Antonio investment property loans available, see below. These include many types of investment property mortgages that most can qualify for. Please contact us for more information on investment loan products that are available. You also may call 210-816-4280.

  • No Personal Income Used To Qualify
  • Qualification Based On Property Cash Flow
  • Credit Scores Down To 660
  • Rates Starting In The Low 6’s
  • Up to 75% LTV (Up To 80% NOO On Other Programs
  • No DTI Restrictions
  • 2 Years Seasoning, Foreclosure, Short Sales, BK, DIL
  • Must have Housing History And Own A Primary Home
  • No Limit On Number Of Properties Financed (5 With AOMS)
  • Loans Up To $1 Million (Minimum $75,000)
  • Seller Concessions To 2%

More programs:

Non-Prime/Recent Housing Event

  • Rates Starting In The Low 5’s
  • Loans Up To $1 million (Over $1M Case by Case)
  • Credit Scores Down To 500 (Including Jumbo Loans)
  • Up to 85% LTV With No MI
  • Mortgage Lates Are OK
  • 100% Gift Funds Allowed
  • 5/1 ARM Or 30-year fixed
  • Seller Concessions To 6% (2% for investment)
  • DTI Up To 50% Considered
  • 1 Day Out Of Foreclosure, Short Sale, BK, DIL
  • Owner-occupied, 2nd homes, and Investment Properties
  • Non-Warrantable Condos Considered
  • No Pre-Pay Penalty For Owner-Occ And 2nd Homes
  • No Active Tradelines OK With Housing History
  • SFRs, Townhomes, Condos, 2-4 Units
  • Up To 100% Investor Concentration Allowed


Portfolio Select/Alt-A

  • Rates Starting In The 5’s
  • Loans Up To $2 Million (Minimum $75,000)
  • Credit Scores Down To 640
  • Up to 90% LTV (No MI)
  • Cash Out For Reserves OK
  • Gift funds allowed
  • 5/1 ARM or 30-year fixed
  • Seller Concessions To 6% (2% For Investment)
  • 2 Years Seasoning For Foreclosure, Short Sale, BK, DIL
  • Owner-Occupied, 2nd Homes, And Investment Properties
  • Non-Warrantable Condos Considered
  • Interest Only Program Available
  • No Pre-Pay Penalty For Owner-Occ And 2nd Homes
  • SFRs, Townhomes, Condos, 2-4 Units
  • DTI up to 50% considered


Bank Statement (Personal or Business)

  • No Tax Returns Required
  • 24 Months Bank Statements(Personal Or Business)
  • Loans Up To $2 Million (Minimum $150,000)
  • Credit scores down to 620 / IO available
  • Rates Starting In The 5’s
  • Personal To 90% LTV (No MI), Business To 80% LTV
  • 5/1 ARM or 30-year fixed
  • Seller Concessions To 6% (2% For Investment)
  • Bank Statement Deposits Used To Qualify
  • 2 Years Seasoning For Foreclosure, Short Sale, BK, DIL
  • Owner-Occ, 2nd Homes, And Investment Props
  • Non-Warrantable Condos Considered
  • Gift Funds Allowed
  • No Pre-Pay Penalty For Owner-Occ 2nd Homes
  • SFRs, Townhomes, Condos, 2-4 Units
  • DTI Above 35/43 Considered With 660+ Credit Score

 


Investor Cash Flow

  • No Personal Income Used To Qualify
  • Qualification Based On Property Cash Flow
  • Credit Scores Down To 660
  • Rates Starting In The Low 6’s
  • Up to 75% LTV (Up To 80% NOO On Other Programs
  • No DTI Restrictions
  • 2 Years Seasoning, Foreclosure, Short Sales, BK, DIL
  • Must have Housing History And Own A Primary Home
  • No Limit On Number Of Properties Financed (5 With AOMS)
  • Loans Up To $1 Million (Minimum $75,000)
  • Seller Concessions To 2%


Foreign National

  • Up To 75% LTV (Purchase OR Refinance)
  • No US Credit Required
  • Fewer Country Restrictions
  • DTI Up To 50% Considered
  • 5/1 ARM Or 30 Year Fixed
  • Minimum Loan Amount Down To $75,000
  • 12 Months Reserved Required
  • Non-Warrantable Condos Considered
  • SFRs, Townhomes, Condos, 2-4 Units
  • Loans Up To $750,000 (Higher Amounts Case By Case)
  • No SSN Or ITIN Required
  • Reserves Can Remain In Foreign Account


Please contact us for more information on investment loan products that are available. You also may call 210-816-4280.

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SOLD – 1623 Chapman St., Seguin, TX 78155,

  • Finance Your Investment Properties
  • Address: 1623 Chapman St., Seguin, TX 78155
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors  – 2 beds, 1 bath, 660 sqft, lot size: .13 acres, estimated repairs: 30K, clean/lawn maintenance/interior paint/exterior paint, plumbing/electrical up to code, flooring, sheetrock/texture. Max After Repair Value: 89K.
  • Cash Price on San Antonio Fixer Upper:  $28,000 CASH ONLY
  • Exit Strategy: Owner Finance with 30k in repairs: 5K down payment, $895.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 89K, see attached sold comparables.
  • Sold and Rental Comps: Sold Comps 1623 Chapman St
  • For more information, please contact us. 

Seguin Investment Property Pictures:

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How To Do Only $5,000 In Repairs on a San Antonio Fixer Upper

One of the challenges of being a real estate investor is how to do investment property repairs affordably without going over budget. If you spend too much on your investment property repairs, you can lose all profit in your deal.

I have done many San Antonio property rehabs in the last 16 years. Some of them cost $10,000, $20,000, $30,000 and more. Those were rental properties, and while I was still able to make a positive ROI on most of those deals, I prefer when I can to limit the repairs on San Antonio investment properties to $5000 or so.

How do I limit repairs on an investment property to $5000, you ask?

Simple. I do not rent the property out. Renting out the property means you have to do extensive repairs of $15,000 or more and have the property inspected by the city in most cases. Spending that much on rehabs makes it harder for me to make money. Another problem with extensive repairs on investment properties these days is construction costs have shot up in San Antonio in the last 24 months.

So, rather than renting the home, I sell the property with owner financing to a blue collar family with a job but no credit. I get $5000 down, 10% interest, and a payment ranging from $695 to $995 per month usually.

The family usually have home repair skills, so they see it as a good deal to buy a fixer upper in San Antonio and perform much of the repairs themselves.

Basically, I just spend $5000 to do inside and outside paint, minor plumbing and electrical, clean up the lawn and get rid of junk. Then I sell it with owner financing. Buy and hold with owner financing is my preferred exit strategy. It allows me to increase my ROI and not have to maintain San Antonio investment properties.

Another advantage I have is that I own a construction company, so I am able to do repairs on San Antonio investment properties very affordably.

Below is a nice under market value San Antonio investment property deal that is great for an owner finance strategy:

  • Address: 1319 S Hamilton St., San Antonio, TX 78207
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors  – Another Major cash flow opportunity, 30% instant equity under market value, almost cute cottage, needs minor help, booming San Antonio Market West of Downtown,  2 beds, 1 bath, 616 sqft, lot size: .05 acres, estimated repairs: 5K, clean/lawn maintenance/interior paint/front paint. Max After Repair Value: 69K
  • Cash Price on San Antonio Fixer Upper:  $42,000 CASH ONLY
  • Exit Strategy: Owner Finance with 5k in repairs: 5Kdown payment, $695.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 69K, see attached sold/rental comparables.
  • Sold and Rental Comps: Sold Comps 1301 S Hamiltonrental comps 1301 s hamilton
  • For more information, please contact us.