San Antonio, Texaz · Member since 2014 · 13 posts · 0 votes
Hello Everyone,
I am a super novice in the real estate market; I am moving to San Antonio TX sometime in July and plan to purchase a home that I will eventually rent out. Any suggestions on the areas to look into?
When I was there, I couldn't really tell which area is best compared to what- and considering I've been in California most of my life, I really didn't know how to rate the areas properly.
I'd like to purchase a property that will bring in some cash flow. How is the rental property in San Antonio? Which areas to check out and avoid? My budget is less than 200,000(like I said, novice).
Also, why is there a good amount of inventory in SA? what does that indicate? Is San Antonio a good place to invest or should I reconsider?
I'm just starting out this real estate venture - and any help would be greatly appreciated!
Welcome to BP, and great job on asking some good questions. The answer to a lot of what you are asking is dependent on your strategy. Are you looking to buy and hold for appreciation or cash flow? Or both?
The northwest side is a booming side currently. I manage a lot of homes on this side of town and rental rates continue to climb (good for my investors). For the price range you listed you can get something nice but not large. The northeast side has pockets that are nice as well, especially closer to Randolph AFB.
The market here is doing well, the key here is to screen the deals to make sure the numbers work for whatever strategy you are pursuing.
Feel free to reach out if you have any more questions.
Welcome to BP, and great job on asking some good questions. The answer to a lot of what you are asking is dependent on your strategy. Are you looking to buy and hold for appreciation or cash flow? Or both?
The northwest side is a booming side currently. I manage a lot of homes on this side of town and rental rates continue to climb (good for my investors). For the price range you listed you can get something nice but not large. The northeast side has pockets that are nice as well, especially closer to Randolph AFB.
The market here is doing well, the key here is to screen the deals to make sure the numbers work for whatever strategy you are pursuing.
Feel free to reach out if you have any more questions.
@Christina Larios, you are definitely right that the CA market is pretty different. I have been to the LA area a bunch of times and I happen to be in Irvine right now as I type this. Coming into a new area you might want to rent for a little while. Maybe get a 6 month lease to get a good feel for the area. After being in the area for a little while you can make a better decision for yourself.
@Brian Phelt, to be honest, my plans aren't all that solid yet. I want both both a long term investment and an (almost... if possible) immediate short term gain. I buy a property when I get there with about %20-30 down, then in a few months, rent it out; in about a year, save enough to qualify and purchase a second property. I'm also shopping around and seriously considering a multifamily property.
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@Rick Pozos, I agree, renting and feeling the market would be a great way to do this; but I am determined to bundle this effort into the least amount of moves as possible; and maybe in the end, you're right - the best move might be to just rent and check out the area before committing to a purchase.
For now, I am just gathering all information I can about San Antonio - such as:
what is the longest/ average length a rental sit before it gets occupied?
Average percentage a property mgmt company charges to take care of a property?
for a fourplex unit - what is the average rent?
For a single family in the 78218 area, what is the average rental? (mainly because of family)
Single family or multifamily housing, which is a better investment?
What about those new multi-families in Converse area?
The driving factor to all this investment goal, is to acquire financial freedom in the long run. We have two kids, and my husband is unable to find work that will accommodate his current disabilities. So we look for other means to secure financial stability. - plus, taking care of the properties is something my husband can do eventually. How to get there, -- well, that's why I am here looking into it.
I've been an investor in San Antonio for many years and now live in Petaluma CA. I invest in the Alamo Heights and Monte Vista areas north of downtown. It's been a great market for me. Happy to answer any questions.
Also, I have a great investor savvy real estate agent who is also a fantastic property manager. PM me if you'd like her contact info.
Best of luck
Ted
I buy and hold in NW San Antonio. I like SFRs with ARVs under about 150 generally. I have one that is at about 200k now that I would never buy now as it is my worst cash flow property (but nicest). If looking to turn it into a rental, try to balance your wants with what will make a good rental. Let me know if I can help. San Antonio has lots of pockets. It can take a while to get the feel for what you like. Rick's advice is good to take some time to learn the areas. Good luck!
Hello @Christina Larios I specialize in rental properties in San Antonio between $120K and $200K. San Antonio has some of the best rentals, but you have to know where to buy. There is a low inventory at those price points it just really depends on which neighborhoods you're looking at. Check out this link https://www.youtube.com/playlist?list=PLbXAgMZh_Hr...
You can see a detailed market update for the San Antonio market.
Feel free to reach out with any questions you may have.
Welcome to BP, and great job on asking some good questions. The answer to a lot of what you are asking is dependent on your strategy. Are you looking to buy and hold for appreciation or cash flow? Or both?
The northwest side is a booming side currently. I manage a lot of homes on this side of town and rental rates continue to climb (good for my investors). For the price range you listed you can get something nice but not large. The northeast side has pockets that are nice as well, especially closer to Randolph AFB.
The market here is doing well, the key here is to screen the deals to make sure the numbers work for whatever strategy you are pursuing.
Feel free to reach out if you have any more questions.
Best of luck as you begin your journey.
Hey, sorry to harp on this after a couple years, I am just going through some San Antonio threads looking for some advice/tips. I am looking at a property in the NE area of SA, in the Candlewood Park area. I am wondering if you would be able to shed a bit of light on the area and the rental market around there?
I've been an investor in San Antonio for many years and now live in Petaluma CA. I invest in the Alamo Heights and Monte Vista areas north of downtown. It's been a great market for me. Happy to answer any questions.
Also, I have a great investor savvy real estate agent who is also a fantastic property manager. PM me if you'd like her contact info.
Best of luck
Ted
How has your experience been investing in those areas? I would need a great PM to be my boots on the ground as well so would love some recommendations.