New on BP. Need advice on San Antonia investment properties

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New on BP. Need advice on San Antonia investment properties

Ngawang Bista
San Leandro, CA · Member since 2021 · 5 posts · 1 vote

I am from San Francisco Bayarea and I own few rentals. I am planning to retire in Austin suburbs in the next 3 to 4 years from my day job.

Austin would not get me enough cash flow. San Antonio seems to be a better place to invest in some properties with good ROI. I could start with a duplex or two or few sfh. If I were to invest 150-200k (35-40%) down payment and borrow the remaining 250-300k for a total investment of 400-500k.

1.Any ideas on what kind of cashflow would I be getting ? 

2.What kind of property would I be able to get for the above investment ?

I am flying into Austin first week of March and will spend a day in San Antonio to check out.

Any suggestions and feedbacks would be great.

Thanks in advance

1Reply
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Timothy Douglas
Realtor · Austin, TX · Member since 2018 · 154 posts · 82 votes
5y

@Victor Steffen is a great bet for the Austin area!

2Reply
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  • Betty Cruz
    San Antonio, TX · Member since 2016 · 240 posts · 163 votes
    5y

    @Ngawang Bista - i suggest you reach our to a realtor who is also an investor, like @Tanya Lechner. 

    0Reply
  • Timothy Douglas
    Realtor · Austin, TX · Member since 2018 · 154 posts · 82 votes
    5y

    @Victor Steffen is a great bet for the Austin area!

    2Reply
  • Tanya Lechner
    Realtor · San Antonio, TX · Member since 2017 · 70 posts · 50 votes
    5y

    Thanks @Betty Cruz, good advice :)

    1Reply
  • Cathleen Blackmon
    Lender · Schertz, TX · Member since 2017 · 20 posts · 15 votes
    5y

    $500k would be a decent budget for San Antonio but what you end up with would vary depending on area of town you decide on.  P&I will run you about $1450 on a 350k conventional loan. Be sure to check out property taxes on each property as that will be a big chunk of your payment.  Texas property tax rate is much higher than CA. 

    I'd be happy to assist you on loan scenarios once you have a couple properties on your radar. 

    0Reply
  • Ngawang Bista
    OP
    San Leandro, CA · Member since 2021 · 5 posts · 1 vote
    5y

    Thanks for all the responses. Yes, P&I at approx 1450 + 1250-1300 for Property Tax and Ins + property management fees on a 500k.

    What kind of property would I get in a decent neighborhood and what would be the estimated rental income? 

    That would be helpful with my continued long distance research.

    0Reply
  • Tanya Lechner
    Realtor · San Antonio, TX · Member since 2017 · 70 posts · 50 votes
    5y

    Hey Ngawang, check out 117 silver Sands to give you an idea. It’s listed for $450k and currently grosses $4200 monthly. It’s in a decent part of a town and may not require much work.

    https://www.redfin.com/TX/San-...

    1Reply
  • Ngawang Bista
    OP
    San Leandro, CA · Member since 2021 · 5 posts · 1 vote
    5y
    Originally posted by @Tanya Lechner:

    Hey Ngawang, check out 117 silver Sands to give you an idea. It’s listed for $450k and currently grosses $4200 monthly. It’s in a decent part of a town and may not require much work.

    https://www.redfin.com/TX/San-...

    Thank you. Do landlords pay for all utilities or just select like water and garbage? If yes, any idea how much do these run monthly approx.

    0Reply
  • Joseph CacciapagliaBusiness Member
    Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
    5y
    Originally posted by @Ngawang Bista:
    Originally posted by @Tanya Lechner:

    Hey Ngawang, check out 117 silver Sands to give you an idea. It’s listed for $450k and currently grosses $4200 monthly. It’s in a decent part of a town and may not require much work.

    https://www.redfin.com/TX/San-...

    Thank you. Do landlords pay for all utilities or just select like water and garbage? If yes, any idea how much do these run monthly approx.

    I think this one is tough, because it has a huge HOA. I discussed it with a few clients, and none of them could make it work for that reason. In general you can get about 0.8%+- rent to price ratios on decent fourplexes here, depending on where you draw the line on decent. Anytime you're getting close to 1%, like on this one, you should look really hard to find the catch.

    [email protected]979-218-2286
    Joseph Cacciapaglia powered by Morty
    WebsiteView Page
    0Reply
  • Ngawang Bista
    OP
    San Leandro, CA · Member since 2021 · 5 posts · 1 vote
    5y

    Thanks for mentioning. Yeah, I noticed the HOA was super higher. Wasn't sure what was covered for that high HOA.

    0Reply
  • Tanya Lechner
    Realtor · San Antonio, TX · Member since 2017 · 70 posts · 50 votes
    5y

    HOA fees $1264/monthly and include lawn & pool maintenance, water, trash & recycling pick up (these are paid by the landlord). There's also a transfer fee of $150/unit.

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    5y
    Originally posted by @Ngawang Bista:

    I am from San Francisco Bayarea and I own few rentals. I am planning to retire in Austin suburbs in the next 3 to 4 years from my day job.

    Austin would not get me enough cash flow. San Antonio seems to be a better place to invest in some properties with good ROI. I could start with a duplex or two or few sfh. If I were to invest 150-200k (35-40%) down payment and borrow the remaining 250-300k for a total investment of 400-500k.

    1.Any ideas on what kind of cashflow would I be getting ? 

    2.What kind of property would I be able to get for the above investment ?

    I am flying into Austin first week of March and will spend a day in San Antonio to check out.

    Any suggestions and feedbacks would be great.

    Thanks in advance

     You are in a good company Ngawang!

    0Reply
  • Allen Wu
    Rental Property Investor · Member since 2021 · 335 posts · 193 votes
    5y

    Austin market is on fire. Very hard to win a property unless you are willing to over bid and waive appraisal.


    I’m not sure about San Antonio right now. I bought 10-12 months ago and it was not too competitive. Cash flow is ok. Around .009% close to 1% rule

    0Reply
  • Ngawang Bista
    OP
    San Leandro, CA · Member since 2021 · 5 posts · 1 vote
    5y

    I see Austin is on fire. It's crazy how the listed prices are changed to higher. Did you mean 0.9%? coz i can't find any in Austin for higher than 0.4%. I am also looking at Houston area to get a better idea, where the best ROI is.

    Thank you all for responding and giving a good idea of San Antonio. I will keep in touch as time gets closer.

    0Reply
  • Allen Wu
    Rental Property Investor · Member since 2021 · 335 posts · 193 votes
    5y
    Originally posted by @Ngawang Bista:

    I see Austin is on fire. It's crazy how the listed prices are changed to higher. Did you mean 0.9%? coz i can't find any in Austin for higher than 0.4%. I am also looking at Houston area to get a better idea, where the best ROI is.

    Thank you all for responding and giving a good idea of San Antonio. I will keep in touch as time gets closer.

    Yes - sorry .9%  

    0Reply
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