Thinking about investing in San Antonio

[Oscar Montealegre]

Hello Bigger Pocket world!

I am thinking about buying multi-family in San Antonio. I'm looking at 6-12 units. I would love to get some feedback from this forum. Many people tell me ignore San Antonio and invest in Austin, but I prefer not to chase returns that perhaps already peaked in the short term.

I look forward to your comments!

[Corin Prendiville]

I think Austin will see further appreciation and there is a place for appreciation plays in your portfolio but I also think with the population transfer into Texas as a whole you will see all tides rising in Texas over the next decade. For that reason I personally positioned myself in Dallas where I see growth and cashflow returns to be a bit stronger than say Austin over the next decade, I think at this point though Austin is the clear winner if you are buying a flip properties and looking to 1031 exchange your way up to larger properties the scale is on a completely different level. I'm playing the buy it, set it and forget it strategy and somewhere I can get a reasonable return while I hold it is very important for me at this stage in my investing career, perhaps 10 years from now I'll have a completely different objective.

I'm not sure if you intend to live where you are buying but keep that in mind as well if you are, for your own sanity.