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Updated over 5 years ago,
San Antonio: B Class neighborhoods for buy and hold investing?
Hey there, BP community! First time poster just getting started in real estate.
I'm looking to buy and hold a SFH in San Antonio next year. My plan is to buy a property that I can move my parents into (safe, likely B class neighborhood, 3BR) for retirement that's also in a strong renter's area in the event they eventually vacate it. It needs to be cashflow positive, but I'm more interested in making sure they are in a comfortable home than getting the most ROI, so modest cashflow is ok.
Their rent budget is a flexible $1,200 so having a purchase as close to the 1% rule as I can get is ideal, though due to not needing a property manager, I can spend a little bit more - between $120-$140k. Willing to put in a little work on a cheaper property if the neighborhood is right.
Looking in some areas - in the NE especially - this seems feasible. Any recommended areas that might meet this criteria? Any areas in this price range to avoid? Recommendations for real estates with experience with investors also welcome.
Would appreciate any advice y'all have. Thanks!
Alissa