SINGLE FAMILY HOMES / SMALL MULTI-FAMILY
I am an out of state investor in the process of searching for property in San Antonio. I recently came across new construction projects offering duplexes, as well as single family homes in the area. As I am starting out in this venture, and not from the area, buying new construction has obvious advantages. Is this a good approach for investment property, or should I focus on existing homes? Would greatly appreciate feedback on the advantages and disadvantages on these options.
Thanks in advance.
Most Popular Reply
Welcome to the San Antonio area! You're making a great decision investing in San Antonio. So much growth and so much more potential! To be quite frank - the way the market is, new builds are almost going for the same price you'll find a fixer, spend time and money and get it up to standard.
It really depends on your bandwidth. Do you have the time, connections and resources to manage a fixer? Or do you want something without the headache of fixing it up. Both works! But it really boils down to what you are comfortable with. Being out of state has its own set of challenges but definitely do able!
I wholesale on the side so if you are looking to get into some fixers, I can send you some I can't manage. I also do new builds and pre sale some. So either way, I can help you get into something. If nothing at all, I can point you in the right direction depending on your strategy!
I can introduce you to hard money lenders, refinance lenders and contractors