Specialist · San Antonio, TX · Member since 2018 · 155 posts · 76 votes
I understand Alamo Heights is a desirable part of SA, but it presents a substantially higher risk when investing due to price point. I would love to get some feedback on any successes the BP investors have had in the area!
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
8y
You can flip anywhere as long as you do your math correctly. Yes you would have more money into a property but that doesn't necessarily mean higher risk. In a rougher area where properties are dirt cheap, they are dirt cheap because they are hard to resell for a decent price even if they are in excellent condition, just keep that in mind.
Austin, TX · Member since 2018 · 51 posts · 48 votes
8y
It's the old adage - buy the worst house on the best street, not the other way around. I've been surprised what some flippers are flipping in Austin and the prices they are getting. But eventually the music will stop and some folks will get caught short. Be mindful of your leverage and have an exit plan.