Multi-family investing in San Antonio

[Jerome Stokes]

Hello everyone,

I am a long time lurker here on the BP forums and also brand new into real estate investing. I have been looking at San Antonio, TX because from the research I have done, which I am sure I am missing a lot, seems to be a great market for buying and holding. There are several military bases in the area which usually means quality tenants who will pay their bills on time. Also, there seems to be a plethora of new business sprouting up all the time and that tells me that the economy is doing fairly well. 

So my question is, what is y'all's opinions of the San Antonio market? Is there some factors I may have missed? Thanks!

- Jay 

[James Bigley]

Here are SOME factors that we are dealing with in the region:

- Comal County is in the #2 spot for top growth in the nation.  https://www.usnews.com/news/healthiest-communities/slideshows/fastest-growing-counties-in-america?slide=10

- Military Installations exist such as Lackland, RB, Fort Sam, Camp Bullis, SAMMC etc.  Great tenants and they are PCSing as usual.

- Counties surrounding Bexar are growing at a high rate due to LOWER property taxes, great school districts (in most cases), and feeding off the 3.3% unemployment rate in SA.

- Eagle Ford Shale and Permian Basin Play in Texas are effecting growth in the region.  

- Average home price is $230,000.

- Many out of state buyers are purchasing homes in the downtown region due to the revitalization projects and flipping or holding/renting.

Let me know if you want more information and need assistance on finding some properties.  Bexar County can be very high on Taxes.  So depending on the property cash flow might be an issue inside the county.  Close proximity of other counties can open the chances up for better cash flow opportunities.