Hello guys,
Here is a good site for recent sales comparisons in Bexar county san antonio,and other real estate info.
just go to the little real estate link at the top left of the page then go bottom right on “real estate transactions”
then look for yr propertys postcodes in the areas yr interested in.Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
Yeah this is a great link Luke.
It’s also has from interesting articles posted from time to time on the San Antonio market.
Thanks for putting it out there.
Regards
Chad
Providing Turnkey Real Estate Investments In The USA.
We also provide Owner Finance in a new emerging market.E-mail:[email protected]
web: http://www.gr8realestateinvestments.comON SKYPE AT: chaddylansimons
Thanks Chad ,Keep up the good work yr self man!
Does anyone have the USA”Fortune 500″ projected capital growth rates and cities chart for 2007 2008(the updated one )
Thanks heaps guys
lukeLuke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
There are a lot of good deals in San Antonio, but it is important to do you research. I have been here for nearly 3 months. I seen a number of properties promoted top Australian investors. Especially properties on the east side. These homes are slums and do not compare to anything I have seen in Australia. Secondly investors are buying more expensive properties because agents tell them that the return will be 1% of the purchase price, that is the rent. This is simply not true. It is also worth noting that property taxes here are amonst the highest in the country with rates running at around 3%.
A property showing a 13% gross return could come down as low as 7% net. It is important to run your numbers.
Having said this there are still great buys around and renovation opportunities are everywhere. There is not doubt that the market is slowing and will continue to do so. Also stay away from the bottom end of the market, not just because in many cases they are slums but because californians are simply paying to much for the houses.Nigel Kibel
http://www.propertyknowhow.com.au
check out my new web siteAustralian and New Zealand The United States Property Researcher and education
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Hi ALL,
This was an e-mail from my Business Partner Brian who is based in San Antonio Texas and has been running an investment company from there for over 2yrs now.
He will be in AUSTRALIA late februaryearly March and we will be visiting Sydney, Melbourne and Brisbane.
Anyway we were having a conversation about the East Side of San Antonio and he wanted me to post his below e-mail.
The reason for this is thats its so important who you deal with and what information you receive. Dealing with knowledgable and experienced people is so important.Basically both Brian and I want to highlight that not all of the East side is bad. “Only the slum areas and specifically Downtown are bad”.
Here is Brians response below and again we just want everyone to obtain the correct information. Nigel is correct that there are slum areas to stay away from, just dont confuse that with the whole of the east side of san antonio.
RESPONSE FROM BRIAN:
San Antonio is a great market to be in. There are great investments all over the city. To me it is completely insane to label a part of town as bad and not worth investing in. The east side is a great place to do buisness and to label this side of town as horrible is just insane!!! The north east side of town is where I live. The Stone Oak subdivision is in the north east part of town and is currently one of the most sought after places to live in the city. The South East is being changed by Toyota and the new Texas A and M college planned there. I love the east side for investments. Here is a recent deal we have done there.
Purchase price 96K
Retail Value 125K
rents at 1,100 (guarantee) to 1,300/mo
These types of returns are great!!!!!
I do agree however that you folks are correct about the “downtown area” as it is a horrible area and where the worst of the worst live. That is why I’m shocked that all of the aussies that I’ve met who are working with other investment firms are buying these horrible investments. The rehab that we worked on was from another investment firm that to be honest really duped this investor.
Which leads me to my last point make sure you pick a strong team you could be in the best market in the world if your working with idiots then your going to get alot of pain and headaches coming your way. I wish you all the best with your investments. I hope to see all of you soon. I have been offered to work with alot of aussie firms that work with you folks but I chose Chad because he has 100% integrity. I have always said that if I get an investor into a bad deal I would buy it back from them. I make sure that my joint venture partners that work with investors directly subscribe to this notion and I know that Chad would do this in a heartbeat. I’m proud to be associated with him. His integrity is what sets him apart from the rest!!!
Wishing you all the best and a safe Christmas.
Brian Payton
Providing Turnkey Real Estate Investments In The USA.
We also provide Owner Finance in a new emerging market.E-mail:[email protected]
web: http://www.gr8realestateinvestments.comON SKYPE AT: chaddylansimons
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