San Antonio via Austin via Nashville

[Luke Carl]

Wife went to undergrad in Austin. Wants to move back. We’re currently in Nashville been here 5 years. Quickly got priced out and started buying vacation rentals in Pigeon Forge/Gatlinburg and were getting huge returns there but we’re maxed out on self managed vacation rentals. The stress of the 5 star review is too much. We want more long terms. I’ve been looking at SA a bit on realtor.com. Looks like you can make some moves there but I’d love to hear from a local. Wife is realtor and will get Texas license so I’ve got nothing to offer although I’m sure we wouldn’t mind using a realtor for our first one or two. And she’ll need somewhere to hang her license. Long story short.... can you find 1%ers in San Antonio and will the market last for many years or is it going to get priced out soon?? Where should I look? Where do the tattooed iPhone people hang out?

[John Umphress]

Deals are out there, but harder to find than even a year ago.  Reach out to some  brokers and network.  I'm focused on MF but have sniffed out some deals that are okay - so long as they have steady performance, I'm good.