San Antonio Wholesale Deals (finding more & better deals)

[Christopher Gill]

Hey Everyone!

I've been flipping and doing development almost exclusively in the urban areas of San Antonio. I'm a huge personal fan of urban real estate (I live in King William a historic district in downtown).

I also have found that in quickly gentrifying area the appreciation swings are WAYYY more dramatic. (I rehabbed and sold two houses roughly 2 blocks from each other, the first sold for $219,000 and the second for $310,000 roughly 15 months later!).

However, there's always negative: The condition of these homes is usually way worse, so the construction is way more extensive! (no lipstick flips here).

Also, establishing value can sometime be a huge pain in the *** (appraisers are freaked out by the crack house down the road)

What areas of San Antonio have you had success with? 

The comprehensive rehabs can really be brutal (lots of hidden problems, much longer rehab times, etc.) Would love to start looking for some deals that don't require as much work and time. My problem with newer areas is the deal profit gets SO thin so quickly, and you're competing with people who will pay way more than I'm willing to.