Austin Vs San Antonio Market

[Noah Weitzman]

Hi Everyone!

Currently I am in a bit of a pickle and can't decide what to do. So I know some more seasoned investors will be able to help me out.

I am looking at either buying a duplex in Austin around 300,000-400,000 or buy a single family home in San Antonio for around 200,000-250,000. In Austin with that kind of range you can get into some pretty good neighborhoods. Hyde Park, South Lamar, Etc.. with San Anotnio you can get into some good neighborhoods as well, I am looking around military bases for this property. I am looking to put 10% down on the San Antonio property.  And either 5% or 10% on the Austin property. 

Will the San Antonio Single Family Home cash flow alot better than the Austin Duplex? I think it will but I am afraid of the 100% Single Family Home vacancy and that I will most likely have to purchase it unoccupied. The Austin duplex will be occupied upon purchase. How have you guys had success filling single family homes upon purchase in San Antonio? Is there a solid vacancy period or are you able to fill them up pretty fast? Is the Austin duplex too expensive to expect cash flow with a 5% down payment? 

I know you could crunch the numbers away and probably find some kind of information. But I am just asking for general trends that you would think.

Thanks a lot I really appreciate any information that I can get

-Noah

[Lynn Currie]

@Noah Weitzman

Cash flowing houses in Austin are a little like unicorns, right now. Everyone would love to have one, but nobody seems to be able to find one.