Out of State Investor San Antonio/Temple/Killeen

[Christos Ziogas]

Hello BP community! I currently live in New Hampshire, and if anyone is familiar with the New England area, they know that the market is still very competitive. Because I am relatively new to investing, I do not have the funds to buy any property in this area, which is why I have started looking at out of state investing. I am interested in LTR with a multi-family property that has a total of 4 or more bedrooms or single family home that has at least 3 bedrooms, purchase price between 160K-230K, and does not require a large rehab. Using some metrics that I find valuable I determined that San Antonio was a good city to hone in on. I spoke to a real estate agent and he said I would be hard pressed to find a property in that price range in a good neighborhood and that the Temple/Killeen area would be a better place for me to look. So here are my questions...

I have no personal experience with the Texas area, which means I need to rely on doing my own research and the advice from individuals who know the cities well. Can I find San Antonio properties in my price range that are in C+/B neighborhoods or should I only focus on the Temple/Killeen area? More importantly, what neighborhoods in each city should I focus my search on? Doing a quick scan on the MLS there are plenty of properties that look nice and are in my budget range. But since I do not know the area, I don't know if the price is reflective of a bad neighborhood, or if that is just the going rate of the city.

If anyone who is familiar with either of the three cities could help at all that would be amazing!

[Hamp Lee III]

Properties with your criteria may be hard to find. There’s a quadplex on the market now for $299K, but won’t be available long.

If you have any additional questions or concerns, please don’t hesitate to reach out.

I wish you all the best.