Hello BP community! What advice would you give to an investor starting out in terms of location? Of course the adage is "if the numbers work" but what areas inside 1604 do you think with will grow the fastest or be the best to consider for flipping for homes under 400k ARV
Realtor · San Antonio, TX · Member since 2021 · 150 posts · 107 votes
2y
Love 78209! If you can find value add and negotiate accordingly, anything listed under 400k remodeled should move very quickly in this area. There is a criteria of course, but this is where I've seen the most consistency. My previous listing at 327 Bryn Mawr is an example, we had lines out the door to see it and it was a text book value add bed bath combo. Good Luck!
Realtor · San Antonio, TX · Member since 2021 · 150 posts · 107 votes
2y
Love 78209! If you can find value add and negotiate accordingly, anything listed under 400k remodeled should move very quickly in this area. There is a criteria of course, but this is where I've seen the most consistency. My previous listing at 327 Bryn Mawr is an example, we had lines out the door to see it and it was a text book value add bed bath combo. Good Luck!
Hello BP community! What advice would you give to an investor starting out in terms of location? Of course the adage is "if the numbers work" but what areas inside 1604 do you think with will grow the fastest or be the best to consider for flipping for homes under 400k ARV
Hey Nathan, I personally like the top half of the map. north 281 will grow faster than the other sides imo as well. I'm a mortgage broker if you ever need help looking at deals or getting a client pre-approved reach out anytime I can do alot.
New to Real Estate · San Antonio, TX · Member since 2021 · 110 posts · 58 votes
2y
When it comes to choosing a location for investing, especially for flipping homes under 400k ARV inside 1604, here are a few areas to consider:
1. Alamo Ranch:
- Growth Potential: Alamo Ranch is one of the fastest-growing areas in San Antonio. According to the San Antonio Business Journal, the area has seen significant retail and residential development recently.
- Family Appeal: With good schools and amenities, it attracts families, making it a desirable area for potential buyers.
2. Stone Oak:
- Strong Demand: Stone Oak continues to be a popular choice due to its reputable schools and convenient access to major highways and businesses.
- Market Insights: According to Zillow, home values in Stone Oak have been steadily increasing, indicating strong demand.
3. East Terrell Hills:
- Affordability: East Terrell Hills offers more affordable entry points compared to some other areas.
- Revitalization: The area is seeing revitalization efforts which can be beneficial for investors looking to capitalize on emerging markets.
Data Reference:
San Antonio Business Journal: Reports on Alamo Ranch’s growth
Zillow: Provides home value trends and market insights
Ultimately, “if the numbers work” is key, but these areas show strong growth potential and demand. Best of luck!
Real Estate Agent · San Antonio, TX · Member since 2018 · 64 posts · 12 votes
2y
Personally I like NE outside of 1604 just because I believe that's the path of progress. As Austin and San Antonio grow bigger they will inevitably grow the fastest towards each other. That's of course speculation and an opinion. I'm going to DM you about the properties inside the 1604 though.