San Antonio, TX · Member since 2017 · 3 posts · 4 votes
8y
I hear duplexes are hot in San Antonio right now, I bought 6, mainly during the Great Recession and prices are high now so be careful. Have 3 others I have owned much longer. What I have found is that there are tenants who want to live in most any area of town but there are some "rough" pocket areas to avoid, even in the middle of acceptable areas. When prices are too good to be true there is a reason. Also beware of "flipped" properties with outrageous price tags that people are actually paying. There are some bubble areas in town, N. Central inner city comes to mind. My criteria was curb appeal and freeway access, and you will have to do some sweat equity to come out financially. Living in the property is a great way to get started. Good luck!
Real Estate Agent · San Antonio, TX · Member since 2016 · 251 posts · 70 votes
8y
@Mike Chern Looks like no one was able to comment within this thread. Converse multi-family properties are not something I have seen often. If you broaden your area wider within the Northeast side of San Antonio I think you can definitely find a deal though!
I've bought and sold investment properties over the last 2 1/2 years here in San Antonio and am a licensed realtor. For a more detailed suggestions please feel free to reach out to me via PM.
San Antonio, TX · Member since 2017 · 3 posts · 4 votes
8y
I hear duplexes are hot in San Antonio right now, I bought 6, mainly during the Great Recession and prices are high now so be careful. Have 3 others I have owned much longer. What I have found is that there are tenants who want to live in most any area of town but there are some "rough" pocket areas to avoid, even in the middle of acceptable areas. When prices are too good to be true there is a reason. Also beware of "flipped" properties with outrageous price tags that people are actually paying. There are some bubble areas in town, N. Central inner city comes to mind. My criteria was curb appeal and freeway access, and you will have to do some sweat equity to come out financially. Living in the property is a great way to get started. Good luck!
I hear duplexes are hot in San Antonio right now, I bought 6, mainly during the Great Recession and prices are high now so be careful. Have 3 others I have owned much longer. What I have found is that there are tenants who want to live in most any area of town but there are some "rough" pocket areas to avoid, even in the middle of acceptable areas. When prices are too good to be true there is a reason. Also beware of "flipped" properties with outrageous price tags that people are actually paying. There are some bubble areas in town, N. Central inner city comes to mind. My criteria was curb appeal and freeway access, and you will have to do some sweat equity to come out financially. Living in the property is a great way to get started. Good luck!