Big Firms coming to San Antonio

[Darionn James-Trigg]

The San Antonio real estate market is on FIRE as many of you may already know. But what some investors and aspiring homeowners may not know, is that we have big firms with insane buying power entering the market driving up prices and of course limiting the supply for the everyday investor or aspiring homeowner. Many think it’s just the influx of California buyers entering the market which is partially true, but we also have firms out of Toronto, New York, Arizona and even as far as London looking at San Antonio as a location they want a stake in.

Not only are they purchasing distressed properties at a discount, we also have firms coming in buying new builds and turning them into rental properties, which is a big win for them with the rental market being so strong. For example, according to the article a firm out of Toronto called Tricon Residential bought 35 out of 334 new builds in the Escondido North neighborhood on the Northwest side. 3 homes were purchased by a firm in London, 4 went to a firm in Austin, and 3 more purchased by a REIT out of California, all purchased with CASH back in 2019.

Investors are getting more aggressive with their tactics to obtain properties, such as knocking on doors, sending out letters, and using data from court records just to find ways to get properties in the area in such a competitive market. There’s even a good amount of investors local and remote who will buy homes sight unseen. Take a look at the article below to see how this may affect your investing or your home search.

https://www.expressnews.com/sa...

Give me some feedback on your experiences purchasing properties in the San Antonio area. Are you finding different ways to obtain a good deal?