Newbie looking to invest in San Antonio (Yes another one!)

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Newbie looking to invest in San Antonio (Yes another one!)

Scott MacDonald
Specialist · Austin, TX · Member since 2017 · 134 posts · 75 votes

Hi, 

My name is Scott and I am interested in growing my rental property portfolio. I presently own a few rentals internationally and one duplex in Austin TX. Austin is just getting too expensive and a huge bidding war on purchasing properties so I am interested in learning more about the San Antonio area which looks promising. I have a reasonable sum saved up for my next investment and was hoping to share ideas with members familiar with this area. 

From my research there doesn't seem to be any one particular area that is the best place to invest in SA so I am just hoping to gain more experiences from recent purchasers and perhaps find out about local meet ups etc.

I look forward to learning from this resource.

Thanks

Scott

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  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    9y
    Scott MacDonald where do you own internationally?
    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
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  • Scott MacDonald
    OP
    Specialist · Austin, TX · Member since 2017 · 134 posts · 75 votes
    9y

    Hi Jordan,

    We have a couple of properties in Scotland, a property in Maryland, a Duplex in Austin and would like to get a few Duplex's or SFH's in San Antonio.

    Thanks

    Scott

    0Reply
  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    9y

    Hello @Scott MacDonald, welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!

    BiggerPockets
    0Reply
  • Brian PheltPro Member
    Real Estate Broker · San Antonio, TX · Member since 2016 · 234 posts · 85 votes
    9y
    Hello Scott, Feel reach to reach out if you have any questions about the market down here. I'm always happy to assist.
    0Reply
  • John Barr
    Investor Agent · San Antonio, TX · Member since 2013 · 79 posts · 210 votes
    9y

    @Scott MacDonald Welcome to the San Antonio Market! Its a great place for cash flow and depending on your investment strategy there is a very wide range of types of investments.

    I have been working on the investment side of real estate for several years now and know the city very well when it comes to buy and holds.

    I own a few myself and have and have wholesaled and worked with a ton of buy and hold investors.

    You need to be careful of what you are really buy in SA though as what you are experiencing in Austin is happening here as well but mainly on in low-end properties. Not to say anything is wrong with those properties but I am seeing more and more properties that people from Austin are buying "betting" on the future and not taking into consideration what it is today. We have significantly cheaper real estate in a lot of areas here so don't get caught in a bad buy just because of the prices.

    If you like I have an email that I can send to you that breaks down pretty much the entire city by zip code of the different type of investments you can find (will send to anyone).

    I also do a market report every month that I present at several different events that I could send you as well (will send to anyone). 

    Just shoot me a PM and lets connect!

    0Reply
  • Scott MacDonald
    OP
    Specialist · Austin, TX · Member since 2017 · 134 posts · 75 votes
    9y

     Hi John, 

    Thank you for your reply to my post. You seem to really understand the position I am in with trying to find the right locations within SA. 

    I would like to take a look at the file you have that breaks down the zip codes of SA and your monthly market report. My email is s.macdonald [at] gmail.com. 

    I also read your profile and tried to read more on your website (http://www.prymehome.com) but it fails to load. Are you still in the process of getting that set up? 

    Thanks Scott

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