Rental Markets Between Austin and San Antonio

Philadelphia, PA · Member since 2018 · 179 posts · 76 votes

Hello All!

I am looking to jump into the single family long term rental market in the Austin to San Antonio corridor and am trying to determine what markets are most accessible. I have in depth background in acquiring and stabilizing this type of asset in other parts of the country but am new to this corridor. Any insight on where I could acquire single family properties here in the sub 300k would be extremely appreciated.

Just general market suggestions would be helpful but any additional help or detail would be greatly appreciated! I am very well versed in the northeast market if anyone would like to swap info!

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Chris Marroquin

Lender · Austin, TX · Member since 2022 · 11 posts · 5 votes

Hello Sam, in my experience Bell county and Williamson county have been great. Brace for impact on taxes coming from Philly, no abatement and aggressive annual property tax increases every year.

Cheers,

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Chris Marroquin
Lender · Austin, TX · Member since 2022 · 11 posts · 5 votes
3y
Hello Sam, in my experience Bell county and Williamson county have been great. Brace for impact on taxes coming from Philly, no abatement and aggressive annual property tax increases every year.
Cheers,
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Phillip AustinPro Member
Property Manager · Denver, CO · Member since 2023 · 236 posts · 204 votes
3y
Although I'm in Denver, I'm originally from Texas and know that San Marcos and Lockhart are both strong markets. Lockhart is getting a TON of young professionals who cannot afford Austin but still want to be in close proximity.
I would check out San Marcos, Lockhart and Buda. Maybe New Braunfels?
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Joe Scaparra
Investor · Austin, TX · Member since 2013 · 662 posts · 1k+ votes
3y
@Account Closed Howdy from Austin. You seem hell bent on SFH. I am hell bent on small multi-family (duplexes). I am curious as what is your real estate investment goal and would like to know why you chose SFHs over small multifamily? Is it because in the Northeast there is not as much opportunity as compared to the South considering small multi family properties? I give the nod to multi-family for cash flow and less risk. SFH might be less tenant drama and easier management. Could that be your reasoning, just curious more than anything else. Cheers.
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
3y
@Account Closed I am partial to multifamily properties too
[email protected]512-888-9122
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Anna Ghalumian
Real Estate Agent · Austin & San Antonio, TX · Member since 2023 · 1 post · 1 vote
3y
Howdy from a local Texan refugee specializing in the exact corridor you are wanting to get information on- San Antonio to Austin. For the price range you indicated (sub $300) I would encourage you to consider San Antonio as a more viable option for cash flow positive investment opportunities. For the price range, you should consider either a brand new build (currently offering the most attractive financing terms, with several options even available through USDA loans where the downpayment is 0% without the pesky PMI or MPI with your conventional or FHA counterparts.

If you have an appetite for running repairs, you can also score a duplex for that price range with dual income opportunity but of course with higher reserves for your CAPEx and Maintenance reserves. I would be happy to hop on a zoom session with you to discuss the market here and help guide on expanding your portfolio to this part of the country. It is definitely a worthy investment to consider!

Feel free to reach out any time to book a zoom session to get you going!
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