Investor · Honolulu, HI · Member since 2013 · 20 posts · 14 votes
I'm going to be in the San Angelo area for the next few years and will be looking to invest in a rental property. I'm curious to know what types of properties generally offer a better cash flow. Condos/SFH/2-4 plex? Hoping to connect with RE professionals in the area. Thanks!
Residential Real Estate Broker · San Angelo, TX · Member since 2013 · 72 posts · 26 votes
8y
Hi Keane,
I am a Realtor, property manager, and hold investment properties in San Angelo. I've lived here for many years and know the area well. I've had great luck with SFRs and manage several apartments that cash flow well. There aren't too many newer duplexes and very few tri and quad plexes. with the condo HOA fees, I'd say your return will be better on a SFR than a condo. Let me know if I can help.
Rental Property Investor · San Angelo, TX · Member since 2017 · 113 posts · 60 votes
8y
Welcome welcome! I’ve found multi family to be the best for me both in San Angelo and the outskirts like Grape Creek where I have two duplexes that produce great monthly cash flow. I am currently working on my first SFR so we shall see how that goes.
Residential Real Estate Broker · San Angelo, TX · Member since 2013 · 72 posts · 26 votes
8y
Hi Keane,
I am a Realtor, property manager, and hold investment properties in San Angelo. I've lived here for many years and know the area well. I've had great luck with SFRs and manage several apartments that cash flow well. There aren't too many newer duplexes and very few tri and quad plexes. with the condo HOA fees, I'd say your return will be better on a SFR than a condo. Let me know if I can help.
Residential Real Estate Broker · San Angelo, TX · Member since 2013 · 72 posts · 26 votes
8y
Hi Keane,
I am a Realtor, property manager, and hold investment properties in San Angelo. I've lived here for many years and know the area well. I've had great luck with SFRs and manage several apartments that cash flow well. There aren't too many newer duplexes and very few tri and quad plexes. with the condo HOA fees, I'd say your return will be better on a SFR than a condo. Let me know if I can help.
Investor · Honolulu, HI · Member since 2013 · 20 posts · 14 votes
8y
Hi Aaron,
Thanks for the inventory info. I did a brief search before the busy weekend and did notice that there wasn't much of an inventory for MFU, glad you were able to back that up. I agree on the HOA fees. Thanks again.
near Omaha, NE · Member since 2017 · 9 posts · 5 votes
8y
@Account Closed glad to learn that someone is looking to find new investments. I'll preface by disclosing that at the moment I do not own any property investments--yet. However, I'm interested in targeting Texas markets in the next year if my resources permit it.
I use to live in the San Angelo region over a decade ago while assigned to the Goodfellow AFB nearby. I networked with many of the enlisted who lived and worked there permanently. Most of them--at that time--were primarily interested in SFH because it is a family friendly community--at least when I was there.
If you are locating there for the same reason I was there, then I would reach out to an active duty sponsor who could also share some more insight into the demands of those who are assigned to the base.
I plan on following your thread to learn more about how your investment plans evolve. Keep us updated if at all possible. Thanks for sharing your investment story with us.
Rental Property Investor · Round Rock, TX · Member since 2016 · 24 posts · 22 votes
8y
I'd imagine it will have some impact. Here's the latest out of the pentagon, indicating up to 20,000 teens could be housed there. That increases our population by about 20% immediately.
Also - is anyone in San Angelo from bigger pockets meeting up? I'd be thrilled to join in and meet with some like minded individuals. I do know @Aaron Nelson as he manages a couple of properties for me. If anyone is looking for a realtor or property manager, Aaron is outstanding.
Residential Real Estate Broker · San Angelo, TX · Member since 2013 · 72 posts · 26 votes
8y
@Account Closed yes, we are starting to see more and more coming back to town. We are about 2 hours from Midland so we also have workers who make the commute because they'd prefer their families live in San Angelo.
That's interesting, I am in Big Spring and I have been down to San Angelo a couple of times, but never paid attention to the area as far as for investments. I have read that South San Angelo is a more desirable area than North. Is that true?