All Forum Posts by: Trampas Tanklage

@Maximillian Engram my company is having one this Thursday from 5-7pm at Camp 1604 by Topgolf. Stop on by! 

@Amy Lin North Central SA can work, I sold a house in the 78247 near McAllister Park to an STR investor. He was all-in for about $210k and it grosses approximately $3,000/month (last I checked he rents it for $140/night on VRBO). You won't be able to find that low of a price range in Stone Oak proper, but there are good opportunities, especially for larger houses with a pool. Ours was a smaller 3/2, converted garage with no pool. As others mentioned, I would watch out for HOA restrictions in Stone Oak.

@Sunil Gadi have you considered Seguin or northeast San Antonio? The appreciation in New Braunfels has been crazy in the past few years, I haven't seen a single family deal that cashflows as a long term rental in a while. Both are right down the road and offer a better price to rent ratio. Rents in SA are climbing substantially as well. 

Hey Jason, welcome! I can speak on San Antonio, as I specialize in this market. $150k will get you a decent single family in a B-/C+ area. This price range works great for cash flow in San Antonio, as rents would likely be around the 1% rule. I'd focus on the area around Lackland AFB or some pockets of NE San Antonio. 

As for multifamily, inventory is extremely scarce and mostly overpriced (especially on MLS). Most of these would be within the 410 loop. You'd be hard-pressed to find a multifamily under $150k that's not basically a teardown or in a rough area (likely would be both). But if you're open to higher price points and can get a good DSCR loan, there's good multifamily opportunities here.

@Robert McCormick your best bet might be to find a single family with an ADU. I come across a lot of those closer to downtown (or at least within 410).

Have you looked into the outskirts of town? I'm a big fan of Seguin right now. Also just sold a house in Blanco that my buyers are turning into an awesome Airbnb. There's plenty of under the radar deals to be had within an hour's drive of San Antonio. 

@Heath Shepard no major presentation, just a fun social event for those passionate about REI to network here in San Antonio.

@Heath Shepard and anyone else local, my brokerage is hosting one at Little Woodrow's (Stone Oak) next Wednesday, September 1st from 5-9 pm!  

@Akshay Vig San Antonio is a great spot for both categories! More multifamily inventory and lower prices than other major cities in Texas. 

@Nathan Montes HOAs can generally be a pain for any buy and hold investor, but if you buy in a pocket cheap enough (like under $175k) you can have decent numbers on an LTR in that area. Getting harder to find in this market though. Best of luck searching and feel free to reach out to me for help!