Rental Real Estate in San Antonio TX

[Christina Larios]

Hello Everyone, 

I am a super novice in the real estate market; I am moving to San Antonio TX sometime in July and plan to purchase a home that I will eventually rent out. Any suggestions on the areas to look into? 

When I was there, I couldn't really tell which area is best compared to what- and considering I've been in California most of my life, I really didn't know how to rate the areas properly. 

 I'd like to purchase a property that will bring in some cash flow. How is the rental property in San Antonio? Which areas to check out and avoid? My budget is less than 200,000(like I said, novice). 

Also, why is there a good amount of inventory in SA? what does that indicate? Is San Antonio a good place to invest or should I reconsider?

I'm just starting out this real estate venture - and any help would be greatly appreciated! 

Thank you! 

[Brian Phelt]

Hello Christina,

Welcome to BP, and great job on asking some good questions.   The answer to a lot of what you are asking is dependent on your strategy.  Are you looking to buy and hold for appreciation or cash flow?  Or both?  

The northwest side is a booming side currently.  I manage a lot of homes on this side of town and rental rates continue to climb (good for my investors). For the price range you listed you can get something nice but not large.    The northeast side has pockets that are nice as well, especially closer to Randolph AFB.  

The market here is doing well, the key here is to screen the deals to make sure the numbers work for whatever strategy you are pursuing. 

Feel free to reach out if you have any more questions. 

Best of luck as you begin your journey.