Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Alamo Heights : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions0

Activity 14
Alex Marti, Real Estate Pro in New Braunfels, TX
Mon Aug 17, 2015
Alex Marti answered:
Call Rob Powers at Good Guys Home Inspection he is honest and hard working. 210-416-0689 Good luck!
0 votes 6 answers Share Flag
Travis Reed, Real Estate Pro in San Antonio, TX
Fri Feb 13, 2015
Travis Reed answered:
Given your credit score, I know of a few loan officer that would be happy to help you with a FHA loan and options on down payment assistance. Please feel free to contract me and would be happy to give you that information.

Travis Reed
River Valley Real Estate
210-853-5327
... more
0 votes 4 answers Share Flag
Cindy Stande…, Real Estate Pro in San Antonio, TX
Wed Aug 6, 2014
Cindy Standeford answered:
Marya Humble, Real Estate Pro in San Antonio, TX
Wed May 14, 2014
Marya Humble answered:
Hello Dan, there are many factors that depend on the proper answer. Credit scores are the main question these days. I may have a program for you that may fit if you meet the guidelines. It would allow you to put 10% down on a jumbo loan. ... more
0 votes 1 answer Share Flag
Paul McCann, Real Estate Pro in Fallbrook, CA
Thu May 1, 2014
Paul McCann answered:
yes Chris. That is our area of expertise. Send some info and see about making a deal. 714-366-9632
0 votes 1 answer Share Flag
Chris Elizon…, Both Buyer and Seller in San Antonio, TX
Tue Oct 22, 2013
Chris Elizondo answered:
I work with a company called New Western Acquisitions here in San Antonio. We specialize in finding investment deals in town for people looking to flip or rent. I always have good rental properties around town and we put together rental numbers for the houses so you don't have to. We move anywhere from 20-40 properties a month here and can show you our market analysis on performing properties throughout the past few years. We are a great resource to have for any investor no matter your experience level. Let me know if I can be of any help to you. ... more
0 votes 2 answers Share Flag
Douglas Ratl…, Home Seller in San Antonio, TX
Sun Aug 18, 2013
Douglas Ratliff answered:
This is a good time to buy in this complex. HOA's have come down in the past year with completion of deferred maintenance. Great central location and interesting floor plans, for those who want convenience of Alamo Heights area without paying for school district. ... more
0 votes 2 answers Share Flag
Hunter Smith, Real Estate Pro in Las Vegas, NV
Fri Oct 19, 2012
Hunter Smith answered:
Jim,
The company I work for specializes in providing you a customized solution for your real estate needs. If you would like I can easily start a very specific search based on your families needs. If you want to read more about different markets in San Antonio check out http://texasdreamrealtors.com ... more
0 votes 3 answers Share Flag
Hunter Smith, Real Estate Pro in Las Vegas, NV
Fri Oct 19, 2012
Hunter Smith answered:
Your Arizona LLC can buy property in Las Vegas. I currently work with an investor in North Las Vegas that buys properties from an out of state investor. If you would like to work with someone with local knowledge and a good reputation I would love to help you out. I know of several properties around my area that would make for great investments but we would have to discuss your companies needs and expectations on the transaction. Shoot me an email at hunter@realty360.com if you would like to talk more about it. ... more
0 votes 2 answers Share Flag
Seth Teel, Real Estate Pro in San Antonio, TX
Mon Oct 1, 2012
Seth Teel answered:
James,
There are a couple different ways to attack this, but the short answer is Yes. Several of my clients buy with cash or hard money financing under and LLC, renovate the property, and then either refinance into a traditional investment loan or do a "cash-out" refi. That being said, there are a couple things to consider: As mentioned by others, it's likely the bank will only cash out 70 - 80% of the after repair value, and there may be a "seasoning" requirement. Additionally, if you end goal is to keep as much cash liquid as possible, this simply may not be the best way to do it. Another option is to purchase the property with hard money financing. Typically you can get a loan for 70 - 75% of the ARV in the form of an interest only balloon not with rates ranging from 11 - 14% plus points. Terms generally range from 3 months to 5 years. This type of loan will allow you to leverage your investment, keeping most of your cash liquid, while providing you money for both acquisition and repair of the property. Depending upon your strategy and ultimate goal, once the renovations are complete, you can "flip" the property for a quick return on investment or lease the property and refinance out into a traditional investment loan.
If you's like to discuss these strategies further or are looking for a hard money lender, feel free to give me a call.
-Seth Teel
210-628-9373
investsatx@gmail.com
... more
0 votes 2 answers Share Flag
Bruce Lynn, Real Estate Pro in Coppell, TX
Sun Feb 12, 2012
Bruce Lynn answered:
Buy in the name of an LLC.....or get your attorney to buy in their name and then assign the contract to you later.
0 votes 6 answers Share Flag
BHHS- Don Jo…, Real Estate Pro in San Antonio, TX
Tue Dec 13, 2011
BHHS- Don Johnson answered:
LLC is the most likely choice. Since you are paying cash. If you were obtaining financing typically there would be some for of guaranty depending on your lender.
0 votes 6 answers Share Flag
Bruce Lynn, Real Estate Pro in Coppell, TX
Thu Dec 8, 2011
Bruce Lynn answered:
It will depend on your lender.
Check with them and your title company to make sure.
0 votes 4 answers Share Flag
Jason Campbe…, Real Estate Pro in San Antonio, TX
Fri Dec 17, 2010
Jason Campbell answered:
Nothing special that needs to be done... It does not have to be formed in Texas.

The only other considerations to be aware of are what your lender requires if you are going to get a loan on the property... If you are paying cash... you are all good! ... more
0 votes 11 answers Share Flag
Search Advice
Search

Followers

128