Great flip with a HUGE profit margin!

GET THE ADDRESS!

 

 

 

 

RARE flip opportunity in a highly sought after area by Meyerland. This neighborhood is zoned to Kolter Elementary, Johnston Middle, and Bellaire High School; it is the only Westbury pocket that is zoned to the same schools as Meyerland! This 4 bedroom house sits on a 11,485 sq ft lot and has great curb appeal. Do not miss out on this deal!

 

Contact RANDY BUI for more information; 972-800-9863; Randy.Bui@NewWestern.com

 

RANDY BUI  |  Licensed Real Estate Agent |

|  Randy.Bui@NewWestern.com | 972-800-9863 |

 

|| Facebook Profile || Facebook Page || Linkedin || About Me ||

 

 

Northeast Fixer-upper

GET THE ADDRESS!

Nacogdoches and O'Conner Road! CLEAN, CLEAN, CLEAN! Move in ready house that could be an easy turn around for a rental or flip. Days on Market look great for a resale investment and rental rates are at
$1,000/month+ for the area! Come take a look today, you won't be disappointed!  Contact Ryan Harthan at 210-710-1617 for more information!

Price: $81,000

Rehab: $8,000

ARV: $125,000

3/2

1,758 sqft

1979 Build

Northwest Huge New Build Foreclosure

Get the Address!!!

Large 2 story 2001 build in El Sendero subdivision. This home has a open floor plan with 2 large living areas, and 4 massive bedrooms. The house is all four sides brick exterior with a large back yard. With a cosmetic rehab this home would be a perfect flip or rental investment! Call your Ryan Harthan at 210-710-1617 today and  schedule a showing and don't let this rare opportunity pass you by!

Live Oak Investment Property

Get the Address!!!

Super clean Live Oak Investment Opportunity! This property is located less then a mile away from  Northeast Lakeview College making it an easy rental. If you are looking for a quick flip this area has low days on market all of our comps sold within two months. This property is also located right down the road from 1604 and IH-35. Call Ryan Harthan at 210-710-1617 for more information!

Home

Off Market Investment Property in Woodlake!

Get the Address!!!

Here's another OFF-MARKET gem for those investors out there. This property is a 4/2.5/2 is the popular Woodlake subdivision. The property has a great layout and good bones. Mainly a cosmetic job inside. Some settling has occurred  and previously had leveling done by Olshan Foundation Repair (previous work attached). The house across the street (5127 Pine Lake) sold for 136K in 45 days. This house is the cheapest house in the subdivision, by far, and would make a great FLIP or RENTAL. Call your associate for more details! Contact Ryan at 210-710-1617 for more information!

Home

Beacon Hill Investment Property

BEAUTIFUL BEACON HILL cherry. House so well cared for, its practically a new construction. Foundation JUST repaired, fresh interior paint, 21 x 8 concrete patio, 23 x 15 upstairs patio with outside staircase (additional entry), 12 x 8 covered front porch, beautiful landscaping, detached garage with 2 additional carports (could be converted into mother-in-law or additional apartment). IDEAL conversion to a du-plex (have bid from contractor) or a VERY profitable flip (also have bid). Great DOM and a pretty easy cosmetic rehab will make this your next home run! Ask about financing with Sherman Bridge!  Contact Ryan at 210-710-1617 for more information

Home

Advice to New Landlords

Some Advice for New Landlords

     For those who don't know me I've been a landlord since I was old enough to remember.  I wanted to share a couple pro-tips for new landlords that want to avoid losing a lot of money and time (I've done it).  The following are just a few things I learned the hard way over the years.

• Eviction is a colossal waste of time and money for you! If you're thinking of evicting someone anticipate it costing you about five times one months rent PLUS whatever damages the tenant has made and I assure you there will be damages. I'm going to do a separate post about why eviction is the last resort shortly.
• Bring air filters for the A/C with you once a month when you go to pick up rent. As sure as you're born you're tenants are not replacing that filter. And while it may seem like a hassle to go to Home Depot and buy one every month, it's a lot less expensive than having an A/C unit burn out on you and having to spend $3,000.00 for a new one.
• Make your tenants pay you in cash or certified funds. I can't tell you how many hot checks have been written to me over the years but there's been a ton.
• Make sure you have a clause in your lease that reads something to the effect of, “First $20 (or whatever amount you agree upon) of any repair is the tenants responsibility to cover.” If you get a hypochondriac tenant who is always calling you for repairs it will drive you crazy. Also place an amount for going out to complete a repair, usually the same amount they need to cover. This will prevent you from having to drive over to the house fifteen times a month.
• No dogs. They chew siding on the house, dig holes in the yard, and generally just destroy things. You can put a pet deposit on there but the repairs you'll have to do for that dog will surpass any typical amount on a lease.
• Bullet-proof the house on your first rehab. Ceramic tile or vinyl throughout the house and semi-gloss paint. Carpet will be destroyed instantly and semi-glossed walls are a lot easier to wipe stains off of then flat paint.
• I've been trying to build a “No Crayons” clause into my leases for years. Hasn't worked out yet but I would still try to give it a shot.
• Try to make sure they're watering the yard. The last thing you want is foundation problems because you're tenant let the ground around the slab get too dry. This is Texas, if you drive by the house during  the summer there's a good chance the grass will be struggling but try to make sure they're making an effort to water.
• Don't take a security deposit after a tenant moves in. You must get it up front. If you try to work a payment plan out with them you will never get the deposit.
• According to the Texas property code a landlord is not required to make any repairs that do not effect the health and safety of the tenant if they are not current with the rent.
• Any request for repairs must be sent to the landlord's address listed on the lease via certified, return receipt mail. The landlord then has a reasonable amount of time, usually interpreted as seven days, to make said repair. The tenant must then send a second letter certified mail, return receipt and allow for another reasonable amount of time for the repair to be made. At this point in time the tenant may either pay to have the repair made and deduct the cost from the rent, provided it is less than one months rent, or cancel the lease, provided they are current on payments.
• Pick your rent up yourself. It gives you a chance to make sure everything is ok at the house and change that air filter. It will also let you make sure that there aren't more people living at your house then are listed on the lease.
• Rent is due on the first, late after the third. Most tenants get paid on Friday so I typically go to collect rent the first Friday after the third. Then again, my tenants have horrible credit and have been in the houses since before I got control of them. You can avoid this situation by running credit checks. There are too many renters in San Antonio for you to settle for one that is going to cause you a headache.
• Don't let tenants fix a problem themselves. The work will never get done, you'll give them a break on the rent, and is all around a bad idea.
• Always remember that a security deposit does not cover the last months rent. Tenants will try to sucker you into this from time to time but the security deposit is to ensure no damages are done to the  house.
• Tenants that are college aged do more damage to a house. You may want to consider a larger security deposit or having them get a cosigner.
• I usually let tenants break leases early as long as they are on time with the payments and they let me know a full thirty days before they move out. If they can be out a week early and leave the place in decent shape even better because I can show it and get another tenant in there right away.
• Some people use real estate agents, I don't. Pitch a sign in the front yard for $5 and throw a couple ads up on Craigslist. You should have no problem getting tons of calls. If you use an agent you typically have to pay them a months rent which is split between the agent representing you and the agent representing the tenant. San Antonio has so many renters it should be no problem to do this yourself.
• I don't recommend property management until you get to about ten rentals. Going rate is about a months rent and 10% of rent collected. I'm pretty cheap and until you're juggling more than ten rentals and a full time job I don't think the value is there for you.
• Cheaper houses cash flow better. A $120,000 house on the North side will rent for about $1,000-1,200 a month. A $40,000 house on the West side will rent for around $800 a month. You could have three of these houses and be making $2,400 a month as opposed to $1,200 a month and diversify your risk over three assets. Do I want a nicer house? Sure, but I like making money.
• Military tenants are fantastic. If you can buy something out buy 151 and 410 or in Converse close to the bases for a good price the quality of tenant will be substantially better.
  

  
  

Windcrest Garden Home

WINDCREST!!!  Great home in a great area of town!  This property is ready for the updating and upgrades it deserves.  Clean property with a solid structure needing only the finishing touches and cosmetic updating
to bring it to the top of the market!  This is a no brainer for a flip investor as the days on market for the comps are ridiculously low and the rehab project should prove to be a fun and easy process.  Two of our comps sold in 19 and 16 days respectively!  Call today and don't miss out on this great investment  opportunity!

Home