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All Forum Posts by: Adam Acord

Adam Acord has started 0 posts and replied 34 times.

Post: Bay area or out-of-state investing?

Adam AcordPosted
  • San Antonio, TX
  • Posts 38
  • Votes 29

San Antonio is a great place to invest.  A few more fun bits of very relevant information.

  • Realtor.com named San Antonio among the Top 20 Hottest Real Estate Markets for 2016
  • Forbes listed San Antonio as No. 3 on their list of 2016’s “Best Buy Cities”—the top 20 housing markets to invest in this year
  • Auction.com named San Antonio one of the Top 5 Single-Family Housing Markets for 2016
  • WalletHub listed San Antonio as the 3rd “Overall Healthiest” housing market in the country
  • Job Growth – San Antonio experienced record job growth in 2015. A total of 20 companies located or expanded in San Antonio during 2015 with an annual impact of over $1.1 billion and nearly 8,000 jobs. Job growth impacts real estate; substantial increases in home sales are estimated over the next 5 years.
  • Population Growth – San Antonio’s population increased by over 8% between 2010 and 2014! As the population continues to increase, property values continue to rise…meaning your investment is continually worth more. Recent data from the National Association of Realtors reflects a 5.8% increase in median home prices from 2015 to 2016.
  • Rent Growth – National Real Estate Investor Online recently listed San Antonio as 1 of 10 Cities in the Nation with the Fastest Growing Single-Family Home Rents.

Post: Have 40k$ and I want to buy 2 cash flow properties

Adam AcordPosted
  • San Antonio, TX
  • Posts 38
  • Votes 29

Agreed, SA is a great place to invest.  One caveat: make sure you're working with a reputable company who's been around for a while.  There are a lot of people out there who will simply help you buy a property and walk away.  Not every property makes a great rental.  I can't tell you how many times I've talked to someone about property management and they learn that the market rent for their newly-purchased investment property is lower than the note payment.  Go with a company & agent who knows this market.

Any questions, consult with a property management company before getting too far in the process.

Post: Newbie in San Antonio Texas Area

Adam AcordPosted
  • San Antonio, TX
  • Posts 38
  • Votes 29

We manage quite a few properties in the Selma/Schertz/Cibolo area.  Rents are generally pretty good and market times are quite reasonable.  As long as the house is in good shape and has great curb appeal, that area works.

I'm with the Pyramis Company in San Antonio and I'd be more than happy to discuss a BP rate with those interested. We've been around since 1985 and love working with investors. We only manage a few hundred properties, not the 800+ many others do. Look us up and give me a call sometime.