All Forum Posts by: Trampas Tanklage

Hey @Kris Marmol, I'm an LA native relocated to San Antonio, TX. I'm heavily involved in the market down here and would love to help you out!

@Paul Shannon I'm down in San Antonio, lived in Fort Worth for 4 years prior. The Oil and Gas industry is the primary driver in West Texas, and as of a few months ago it basically hit rock bottom again. Very boom and bust, it had been taking off the past few years. You've also got Ag, but that's a bit less pertinent to outside real estate investment.

Lubbock and Amarillo could be solid choices, Lubbock because of Texas Tech and Amarillo is a small city, I haven't done much research but I'd imagine they're pretty affordable. Lots of opportunity in El Paso as well. 

I may be a little biased, but San Antonio is a great alternative to the other big markets in Texas. Cheap compared to Houston, DFW, and Austin right up the road, solid employment bases, and a good mix of neighborhoods to fit any investment strategy. 

@Brandon Carlson I actually live in NE SA, but being an agent I work all over town. I'd say the best multi-family opportunities are closer to downtown, the Near Eastside/Dignowity Hill/Denver Heights areas are really taking off. Southside to some extent as well, if you're looking for something cheaper. Some of them do require a good amount of rehab though, I recommend building a good team since you are coming from out of state.

@Brandon Carlson sounds like a great plan! I'm a Whittier, CA native myself, relocated to SA this year. One thing I would say is that multi-families are somewhat hard to come by in Converse/Selma/Universal City, I haven't seen many available there personally. However, you can find several solid deals on traditional SFH in the area that meet your criteria exactly. Best of luck, if you'd like to know more about investing down here definitely hit me up!

@Ashish Yadav San Antonio is a great market to invest in if you haven't considered it already. Significantly lower prices compared to other cities in Texas (especially Austin 60 miles up the road), strong employment base (big military town), and some high-appreciating areas. Reach out to me if you're interested!

@Andrew Z. I'm a California native relocated to San Antonio. I may be a little biased, but this is a great market to invest in based on relatively low prices, strong employment bases, and a variety of options around town, whether you're looking for cash flow or long-term appreciation.  

Best of luck in your search! If you have an interest in investing in San Antonio I'd love to help out. I have a couple good PMs that I work closely with.

@Daniel Oldham there are a few very hot areas for rentals that I've noticed recently. My personal favorites for SFH are around the military bases, Randolph in the Schertz/Converse/Universal City area, and Lackland in the far southwest side of town. NE SA especially is known for lighter rehabs, $150-200K ARV (results may vary in specific subdivisions), and low DOM. I've also seen some good rental deals in NW SA, outside loop 410.

If you're looking for a longer-term appreciation investment, something closer to downtown might be a good option. Expect more extensive rehabs and less cashflow initially. I've also seen some house-hackable MFHs in areas like the Near Eastside if you're interested in going that route.

Hope this helps, best of luck!

@Deanthony Quarles I may be a little biased, but Central Texas is a very good option. Between Austin and San Antonio, it depends on your goals. Austin has higher population/job growth, and is appreciating to near-California levels (I'm an inland SoCal native myself). The major draws to San Antonio are relative affordability and cash flow. Best of luck!

Congratulations @Chase Johnson, that's a great deal! Did you finance with private loans or hard money? What did the rehab involve? What part of town was it in?

Great article @Kyle A. Isaacs!