BRRR Strategy- San Antonio Texas

[Brandon Carlson]

Hey BP,

So I'm taking the leap to purchase my first multi-family unit in San Antonio. After reading tons of forums and having conversations with a few Real Estate agents/investors I feel like I'm ready. My 5 year plan is to purchase one 2-4 unit and execute the BRRR method. Ultimately, rehab the units, and pull equity after 2 years to purchase another property. Ideally, if I can cash flow a few hundred dollars a month after pulling equity that would be my goal. My budget is 175k-225k all in. I plan on putting down 25%.

The areas of San Antonio that we're recommended to me are the following:

Converse, Selma, and Universal City.

What are your thoughts on these cities based on my 5 year plan?

[Brandon Carlson]

@Trampas Tanklage Thank you for the suggestions. I've heard the Southside has some upside due to price point. I was told, Multi-families are usually in C-class neighborhoods but the rental demand is promising. I may have to do some more research to validate. 

Best,