I’m new here and just getting started in real estate investing, focusing on the Austin/San Antonio area in Texas.
Right now I’m building my foundation and working on finding off-market opportunities, mainly single-family homes that may need repairs or are being sold below market value.
If you’re active in the area, I’d love to connect and hear what types of deals you’re focusing on right now.
Looking forward to learning from everyone and building some solid relationships.
I’m new here and just getting started in real estate investing, focusing on the Austin/San Antonio area in Texas.
Right now I’m building my foundation and working on finding off-market opportunities, mainly single-family homes that may need repairs or are being sold below market value.
If you’re active in the area, I’d love to connect and hear what types of deals you’re focusing on right now.
Looking forward to learning from everyone and building some solid relationships.
Welcome, Josiah! You’re focused on the right stuff with off-market and value-add deals, that’s where the real opportunities usually are. Austin/San Antonio can work, but just be mindful that competition can tighten margins, so your deal filtering and contractor numbers need to be sharp. A lot of newer investors also end up comparing those deals with Midwest markets, where entry prices are lower, and spreads can be a bit more forgiving while you’re learning. Either way, stay consistent with your outreach, build relationships with wholesalers and local operators, and the deal flow will start to come together.
Welcome, Josiah! I love that you’re starting by building your foundation. One thing I did early on was to build a simple deal checklist: purchase price, estimated repairs, realistic rents, taxes/insurance, financing costs, vacancy, maintenance, and property management. The goal is to understand whether the property still works after conservative assumptions. Excited to follow your journey.
Welcome @Josiah Murry ! Austin is a tough market to get started in at below market prices but it's doable. Write a lot of offers at numbers that work for you and find ways to make them appealing outside of just price. Flexible closing dates and fewer contingencies can go a long way with a motivated seller. Start building your contractor list now before you need them. Facebook groups in your area are one of the best places to find affordable, reliable ones and by the time a deal comes together you want that list ready to go.
Appreciate that—especially the contractor point. That’s something I’m actively working on right now before I scale anything too fast.
I’ve been focused on understanding deal flow in Austin/San Antonio first, but I’m starting to realize how important it is to already have that backend team ready.
I’m new here and just getting started in real estate investing, focusing on the Austin/San Antonio area in Texas.
Right now I’m building my foundation and working on finding off-market opportunities, mainly single-family homes that may need repairs or are being sold below market value.
If you’re active in the area, I’d love to connect and hear what types of deals you’re focusing on right now.
Looking forward to learning from everyone and building some solid relationships.
Howdy!
I am a Property Manager in Austin and we are starting to see some real deals.
If you want grab coffee some time and talk about the opportunity I will buy the first cup!
San Antonio is the better starting point between the two if you're after cash flow.
Austin has appreciation upside but the numbers rarely pencil on buy-and-holds right now. San Antonio is more affordable and has stronger rental demand, partly because of the military base presence (JBSA, Lackland, Fort Sam Houston).
That base presence is also why I'd look hard at assumable mortgages in San Antonio specifically. VA loans are assumable by law, and sellers on those bases rotate every 2-3 years. If you find someone sitting on a 2.5-3% VA loan from 2020-2021, you can take over that rate instead of getting a new one at 7%. On a $400K loan, that's roughly $800-900/month cheaper. It changes the cash flow math completely.
House hacking with a duplex or small multi is probably the fastest path to your first deal in either market. San Antonio has more inventory in the $300-400K range where the numbers still work for that strategy.
What are you targeting specifically? Long-term rentals, short-term, or something else? That'll help people in this thread point you toward the right contacts.