New Braunfels - Single Family Rental

[Tyler Esparza]

Hi all, new to the BP site. I've been binge listening to Josh and Brandon's podcast and loving it. You all are so knowledgable in the field and looking forward to being apart of BP.

My wife and I are looking at purchasing our first investment rental property - preferably a single family home. We live in Dripping Springs, Texas but are looking at investing anywhere between south Austin and North San Antonio. This area specifically because the prices for homes are still somewhat low and the area is projected to grow. New Braunfels has caught my eye with homes still available in the 150-200k range, low tax rate and decent rents. I'm also reading plenty of articles about current and future growth in that area. I've driven the area, viewed homes with my agent and ran numbers. We've even made some offers but have not gotten  anything accepted YET that will work for our cashflow criteria. 

Does anyone have experience investing in the New Braunfels area? After researching on my own I feel its a great place to be but would love hear other peoples opinions with investments in or around the area. 

Any areas you would avoid / recommend looking?

Thank you!

[Brad Larsen]

@Tyler Esparza The New Braunfels area is a great place to invest in.  If you just look at the growth in the last 10 years, imagine the same for the next 10.  San Antonio and Austin are growing into each other to sort of create "San Austin".  The I35 corridor is filing up with commercial businesses and with that comes the need for good housing.  We see the trend going North just as you do and manage a lot of homes in the New Braunfels area for "smart" investors.  When I say "smart" - I mean corporate level investors with more analytics at their disposal than you can imagine.  Another fun tidbit....go where Costco goes!  Seriously.  Ever notice that whereve a Cosctco goes up, things are trending well!