Looking for input from local investors in San Antonio, TX

[Mark DiRoma]

I am new to the area and am looking for suggestions, tips, advice, or resources for BRRR, Flipping, and rental/multi-home investments for San Antonio, TX. More specifically but not limited to, anything unique to San Antonio, TX that needs to be considered when looking for your investments. Thank you for your time.

[Heath Shepard]

Hey there Mark!  

I am an SA investor and agent as well.  I work with many BP members in this area and surrounding areas.  I have plenty of tips and advice, but it all depends on your strategy, timeline.  Ill go over a few things here.

Foundation-there are many foundation issues in SA and as a result we are very used to dealing with them.  Look for the signs of foundation issues.  Diagonal cracks on the walls around windows and doors.  Signs that they are trying to hide a foundation issue suck as patched over cracks and paint that doesn't quite match in these areas. Cracked driveways or walkways on the exterior or in mortar cracks of brick/stone houses.  Foundation issues are also a great opportunity because there are many of them and decreases the buyer pool because it's "scary" to tackle.  It's not in reality....  If there are foundation issues pier and beam foundations are much more desirable to slab.

Foundation issues are more prevalent on the east side of town which is also a very fast-growing part of town. Mainly around i35because tis pretty easy to jump onto i35 and head to Austin if you have to go there a couple days a week for work.  People are leaving Austin for a variety of reasons, and one is because of real estate prices and SA is much more affordable.  

I work with a few wholesalers which are a great resource for BRRRR's. I am lacking contractors to do the work, however. I am always trying to find more contractors because they are so busy right now it's not always guaranteed that I, or my clients, can get on their schedule within a reasonable time. this is actually the reason I signed in today... To find more contractors. Please feel free to reach out to me at any time to discuss more. I always love talking shop.