Hey everyone thanks for all the positive responses and good advice! To preface my replies, I am observing from afar using a variety of online tools and my assumptions might not be totally accurate, so thank you so much to all you local experts for lending me your advice.
I really do like the look of the west side! However, I've been looking at the south/ south west side of town primarily at multi families. Hidden Cove/ Indian creek, Harlandale, South Southwest, and Tierra Linda to name a few. These areas seem to offer affordable prices for me as an amateur investor but I just want to make sure I'm not wasting valuable time analyzing an area that's largely stagnant.
I'm also using local Walmart's, HEB's, and Starbucks as my point of reference for population growth (or the lack thereof). This strategy seems to indicate the North West side of town is booming, however this kind of prices me out of the multi-family game over there so maybe some single family house hacks? This area looks to be 60/40 mix of old and new construction, so perhaps there are some older houses that I could add value to and capitalize on the location once finished.
As a rule of thumb I try to stay a little further away from the base just maybe a few miles. I thought perhaps the constant flyovers at either end of the runway might lower property value no matter what I do to it. That seems to be the case at the current base we're at anyways. I do see newer development on the due west side of town near Lackland, which makes me wonder if this development will keep moving downwards and perhaps the Southwest side will benefit?
@David Mares, I hope the above answered your question about what area I'm interested in. I know I'm all over the place but I tried to explain my process as best as possible, hopefully it's clear. Thanks for your suggestions!
@Christopher Campbell, You're an absolute gem Sir thanks for all of the advice you offered. Your questions are spot on as well. I'm trying to buy, and live in a multi family property using a VA loan. Then I'll transition to the BRRR method, though I'm not sure if my focus will be single family or multi-family. I want it to be multi-family but I'm prepared to transition to what the market has to offer. As for the area, I am trying to live within 30-45 minutes of either Lackland or Randolph AFB and then invest in the suitable area that I'm searching for now.
@Lee Ripma, your technical approach appeals to me in a big way! I love looking at hard data and statistics. Could I ask where you got this map? Also do you take into account new construction of major chain stores? If so how do you find new developments underway?
