Investing in san antonio

[Henry Vu]

Hello all, I will soon be relocating to San Antonio and am hoping to get some insight into the market there. I am specifically looking at properties somewhere near the medical center or near the airport but I am open to other neighborhoods in or around the city. Is it realistic to get returns in the 1% rule there for either single family or a small multifamily such as a quad? I would also appreciate any recommendations for investor friendly agents, whole salers or property managers out there.

[Jaime Sepulveda]

Henry while I am biased because San Antonio has been my home 20+years and I have personally & professionally invested in this market for the past 14 years. The 1% deals have definitely become more scarce in the past 2 year's however they do pop up if you have your finger on the market's pulse. The advice we provide to all investors regardless of the market is to do your due diligence and structure a solid team knowledgeable in that market.  The 3 core pillars would be The money (mortgage lender)  Acquisition specialist (buyer agent) and a property manager.  We refer our clients out to a mortgage lender @Brooke Noth out of Austin Texas. Brooke is a phenomenal investor lender as also being a real estate investor here in San Antonio. @Sterling Williams is the markets specialist in small multi-family assets and truly has his finger on the pulse that aids in him often knowing where the off-market deals are. Henry, I hope this helps a bit, happy investing!!