Need advice on investing in San Antonio Texas
Member since 2024 · 4 posts · 1 vote
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Do you have the specifics on the deal you're looking at? Numbers? Location?
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Do you have the specifics on the deal you're looking at? Numbers? Location?
I would go on zillow and just look at the rentals in the area to see how many days they are typically sitting and where they are renting. At the same time if you are searching for a PM, call them and ask them about the market and the specific area, speak to a few and you will have a good idea. SA has performed really well for many years and is now naturally easing, albeit there may be some more neighborhood/area specific nuances. In the long term may still be a great investment, but hard to see a lot upside in the short term. Texas also tends to have higher real estate taxes, which do go up every year. At this point if you begin the purchase process you probably closing towards the end of the year, which would put you in the slowest time for rentals. I would budget 3 months of vacancy at least.
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Do you have the specifics on the deal you're looking at? Numbers? Location?
That Market has lost 2.8% in value. San Antonio has a median home sale price of $267K, a 2.8% decrease from last year. Homes stay on the market for an average of 71 days and receive an average of 2 offers....It sounds like you would lose money on this deal.
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
I would go on zillow and just look at the rentals in the area to see how many days they are typically sitting and where they are renting. At the same time if you are searching for a PM, call them and ask them about the market and the specific area, speak to a few and you will have a good idea. SA has performed really well for many years and is now naturally easing, albeit there may be some more neighborhood/area specific nuances. In the long term may still be a great investment, but hard to see a lot upside in the short term. Texas also tends to have higher real estate taxes, which do go up every year. At this point if you begin the purchase process you probably closing towards the end of the year, which would put you in the slowest time for rentals. I would budget 3 months of vacancy at least.
https://www.redfin.com/city/16657/TX/San-Antonio/housing-mar...
Hi,
I'm from Orange County, CA. Recently came across affordable homes in San Antonio, Texas. This is going to be my first rental.
I am looking properties around Bexar county, Talise De Culebra, and Surrounding Areas. How is this area? How hard is finding a renter around this area? Are there any good property management companies you can refer to?
I'm seeing a lot of new constructions in San Antonio Texas. What are the pros and cons of new build vs re-sale property for buying as investment property?
Here are pros and cons, I can think of.
Pros:
- Incentives and brand new home!
- Maybe a little appreciation opportunity.
Cons:
- Can't negotiate on purchase price
- Property tax may catch up and higher monthly payments after first year
- A similar plan may be available for less rent in market (Rentbility)
Welcome to San Antonio, the greatest opportunity is in value add properties. I am an investor, property manager and realtor that specializes is STR, and MTR properties. I would love to connect and help.