BRRR Strategy- San Antonio Texas
Hey BP,
So I'm taking the leap to purchase my first multi-family unit in San Antonio. After reading tons of forums and having conversations with a few Real Estate agents/investors I feel like I'm ready. My 5 year plan is to purchase one 2-4 unit and execute the BRRR method. Ultimately, rehab the units, and pull equity after 2 years to purchase another property. Ideally, if I can cash flow a few hundred dollars a month after pulling equity that would be my goal. My budget is 175k-225k all in. I plan on putting down 25%.
The areas of San Antonio that we're recommended to me are the following:
Converse, Selma, and Universal City.
What are your thoughts on these cities based on my 5 year plan?