Rehabbing is a great business, the most important steps when looking to purchase are as follows
What is the average time on the market for existing homes that are in mint condition?
Is the after repair value, in a price range suitable for buyers to easily afford?
Low Crime and Good Schools?
These are zip codes I recommend
78209,78216,78228,78229,78230,78232,78233,78247,78249,78250,78254,78258,78259,78261
Hi Joann,
You need a business plan to do rehabs. You have to have a budget, timeline and the subcontractors (if you are not doing the work yourself) to ensure you can execute your plan. Once that is all set, then location can be investigated.
Areas in San Antonio where rehabs may be cost effective are the southside, the westside and the northeast side. While just my opinion, these are the areas where activity in San Antonio is strong in regards to employment, development and future vision for the area.
Hope this helps. Call me if you have more specific questions at (210) 273-9082.
Good luck!!
Thanks for the question Joann. To give you a more specific answer to your question, can you tell me what's your definition of rehab? What kind of rehabing do you want to do? Equity flips or Income producers? Would this be your first time investing? I've worked with several investors as well as I come from an family that was into R/E investing, so in my experience; it's best to have a more specific goal in mind of WHAT and HOW before figuring our WHERE.
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