New San Antonio Investor

[Trevor Candice]

Hello,

I'm a new investor trying to get started in San Antonio. I'm looking for strategies that will cash flow in this market and coming up short other than doing an STR. Since i'm going to be living in it as an owner occupied loan, do people have any suggestions on property types i should target. It seems that a small multi would be better but i'm struggling to assess what a true multi in this area is. There are casitas but it seems a lot of those aren't actually permitted and allowed as ADUs. Any suggestions. (High credit score. Make above the medianm SA income, healthy down payment amount saved)

[Hamp Lee III]

There are some multifamily opportunities in San Antonio if you don’t mind some rehab…and it matters what type of loan you qualify for.

A lot of properties that may cashflow only accept conventional or cash. Not FHA. There are conventional loan programs that can get you at 5% down with down payment assistance. So you'll need a bit of cash on hand to put down.

You can also purchase a nice SFH starter and either rent the rooms or stay for 12 months and move out.

The key in this market is to adjust to what is available. What you may want to do may be difficult and pivoting to another strategy could be key.

The important thing to remember is to start small and take action.

Real estate investing is a marathon that builds momentum with each house. Every house won’t be a home run. Be happy with a single. The home runs will come, but continue to allow facts to speak…

If you need an investor-friendly agent, hit me up.