San Antonio Market in 2019-2020

[Christopher Thorpe]

Hi BP Community,

I’m a teacher in San Antonio looking to get into Single or Multifamily renting. What is the San Antonio market like in 2019? I’m seeing threads from 5-7 years ago saying that multifamily is much harder to do here than single family. Is that still the case?

I’m also seeing people say property prices are just too high in San Antonio to get any real Cashflow renting. Would you all agree? If not, where are some of the best places to be watching right now?

I’d love to connect with anybody in the area wanting to talk about their experience in San Antonio RE!

Best, my friends

[Bryan Noth]

@Christopher Thorpe many people here have commented on different strategies for finding a good deal, though it is getting more difficult to find them.  It might be more accurate to say there is just less margin for error, especially on flips.  Multifamily likely has the greater potential for cashflow, especially if you are open to house hacking.  

If you are looking for ARV comps you can always check a website such as Zillow @Brandon Kingcaid for estimates using nearby homes.  This method has less reliability if there has not been decent comparable properties nearby your target property.  I second @Anthony Finger's mention of a property manager and I would add an agent familiar with investing as well.   They can help tremendously. The last 2 properties I bought in San Antonio were both through agent and property management connections that I have developed.  Someone who knows the area is invaluable.