who invests in San Antonio?

Question

Im curious of those that invests in San Antonio to see what your strategy is, and where you prefer your investments to be. Im gearing up for my first investment property within the next year and would love to hear some input.

Joseph Cacciapaglia · Answer

@Gabriel H. Gaytan I've found short-term rentals to be the most profitable here in San Antonio over the past couple of years. I've also recently started flipping vacant lots. It's tough to make traditional rentals work with the recent increases in pricing. I have a few clients that buy small multifamily, but they're happy with minimal cash flow. Ground up development seems to be a good strategy now as well. I almost finished with my first new home build. It was pretty challenging, but the end result should be pretty profitable.

Andy V. · Answer

Growth is expected to be record-breaking in 2022 for San Antonio. To me, that tells me to focus on rentals, BRRRR properties for long term but at same time means there will be good opportunity for flips.

There are thousands of investors here, still relatively affordable, with some promising appreciation in the future. I'm from Austin, born & raised, and I tell all my friends and family that San Antonio real estate market is Austin's....5 years ago, now look where Austin is at :)

"South Austin" is now Buda/Kyle and you can literally see the intersection where the development ends...new aparments are being built, starbucks just posted in front of 3 large apartment complexes being built, and the growth will continue until the edges of Austin and SA meet in the middle. Lots of investors already in New Braunfels and San Marcos because of this, lots of land development opportunities between these two cities, but really just depends what you're looking for. Texas is a hot market and plenty of deals come up

Bryan Noth · Answer

@Gabriel H. Gaytan buy and hold.  Majority of my portfolio is in the Austin MSA but some in San Antonio as well.  Both small multifamily and SFH pencil out well there usually.  I know folks down there doing different REI strategies that work (flips, buy and hold, BRRRR) so it's not a one route market.

Karlee Martin · Answer

I’m looking at trying out the STR thing in SA and would love to touch base if you’re willing!!!

Karlee Martin · Answer

I’m in south Austin (which feels impossible) so I also looked at SA. I had no idea what I was doing and didn’t know a realtor who does investments there so my search was cut short. I hope you have better luck!

Corbett Brasington · Answer

I am but I am still new.  On market is crazy competitive and leaves very little room for error.  Given that my main strategy is going to be to find off market leads through forms of personal distress or property distress.

There are also areas like, Denver Heights, that have been gentrified for years so people are asking ridiculous prices for homes that are unlivable.

But like I said, I am a new investor so take what I say with a grain of salt.

Nathaniel Ziomek · Answer

Hi Joe,

I am glad to hear that some of your clients are still able to buy and cashflow a bit with multifamily properties, even if a little. I am hearing that it is very tough to do right now with the pricing of deals on the market and the demand... Hoping to pick up a duplex or Triplex within the next year myself and make the move out.. would be happy with any kind of cash flow, especially with the way appreciation is going!

Nathaniel Ziomek · Answer

Hi Loren,

That's awesome, Castle Hills and north/west of there are exactly the neighborhoods I am interested in right now. I would love to connect and chat! My fiancee and I are also making a trip out to SA the week before Easter.. perhaps we could even meet up?

Daniel Lambert · Answer

Good evening Chi,

First thought is your realtor can never guaranty an appraisal, it is unethical to suggest he/she can guaranty a property will appraise. Strange things can happen and appraisers can be fickle. Your agent can challenge the appraisal and provide valid comps to the appraiser to try and get a higher appraisal number, although they rarely change their appraisal. You of course also have the option to pay the difference in cash if that is possible for you. Unfortunately, nearly everyone is overpaying in the SA market at this time, especially on a new construction property. I would have your realtor crunch numbers or use the bigger pockets calculators to make sure the numbers make sense while possibly overpaying.

I live in Schertz and work heavily in the local market, I can't break your buyer rep agreement, if you signed one, but I'd be glad to help with advice.

Kind regards,

Brent Lambert

Patriot Realty (Schertz)

who invests in San Antonio?

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