Lone Star Development in San Antonio

[Matt Heerwald]

Hi! My wife and I just spent a day in San Antonio looking at properties. We looked in the Northwest part of town, and the numbers were intriguing. Then our agent took us downtown, close to the Lone Star Beer factory that is undergoing a huge renovation into a mixed use area that is supposed to be the next big thing in San Antonio. There are still affordable houses down there with lots of charm and we have our eye on a property very close to it, but have only read what I could find on the internet about it. Does anyone have any contacts down there that would have access to non MLS deals? Thanks!

[Arissa Pedroza]

Hello from San Antonio.  Yes they are expecting that area to be gentrified so my advice to you would be to purchase properties there as cash flow until the market supported a massive jump in pricing due to demand and then flip and sell.  I don't expect that to happen anytime soon but if you want to not gamble, cash flow is a good option.

If you are looking for an off market property you can contact several wholesalers and let them know what you are looking for OR (my fav) go driving for dollars in the neighborhood you are looking at.  Find these crummy run down homes and seek out the owners on BCAD - Bexar Tax Assessor website and contact via mail