Second, make up your mind on what type of property you want...all kinds are available here in San Antonio.
Third, school taxes are what they are. The higher value of the property, the higher the taxes.
Finally, thanks for your service to our nation. It would be my pleasure to work with you as I have with many othehr veterans and active duty members.
Dominick Dina, Broker/Owner, CMSgt (Ret) USAF
Christian Realty San Antonio
First and foremost, thank you so much for your dedicated service to this country. And don't worry, I don't care what the Army and Marines say about you Navy folk, no matter who you are you still need good transportation, right? ha ha.. Just razzing you. I've got some friends in the Navy and AF, so I'm used to hearing that alot.
The other agents here mentioned some great areas all on the North Eastern part of San Antonio. I've got 2 completely rehabed investment properties coming on the market in the next 3 months right there at I-35 and 1604 which is right by Randolph AFB. That whole NE area is great for real estate because of the vast military amenities and the new Lakeview College going up in that nick of the woods as well.
However, you may also want to consider the NW part of town. The area by 151 and 1604 also known as Alamo Ranch is also growing by leaps and bounds. They are building a new hospital as well as many other commercial and retail places over in that area. Lackland and Wilford Hall also feeds into that area and close to Potranco and 1604 and those homes outside of 1604 are taxed without city taxes which keeps them a bit lower. The price point is a bit higher in those areas, but still there is a lot of rental activity because of the saturation of Military and other company headquarters over in that area. (Citibank, Microsoft)
We are privileged to have you as a new fellow San Antonio resident!
I work with many investors, and most of them have been sitting out the last year or so. But, with prices at their lowest, and rates at their best, many of them have been calling and making offers again... and I am certainly not complaining.
I think the best areas, depending on your price range, are near RAFB and Fort Sam and anywhere in between. If you want to rent, then the best price range is 90K-120K as you can rent these homes and at least break even, maybe even cash flow. If you buy a much more expensive home, you might lose money every month. A much lower price, and it may be in a less rentable area...
That said, you can drop by my website and take a look at available homes, or email me and I can send you a very specific list of homes.
By the way - I have two homes that out of town investors are wanting to sell fast... send me an email, and I'll give you teh specifics. The homes are not on the market yet, so I might be able to give you a better deal as an Intermediary, and the Seller's are motivated, the homes have already been made ready for renting... could be a win-win!
Let me know!
Thanks for the excellent questions. Here are my answers:
Regarding San Antonio multifamily homeownership olpportunities, the only drawback is that the multifamily units here tend to be old and often poorly maintained. But, there are a few recent vintage multifamily developments that afford very good opportunities for an investment buyer.
There are good areas to buy and rent all around the metropolitan area, but the choice of areas narrows when taxes and school quality comes into play. Currently, for lowest taxes with highly rated schools, I recommend the Schertz-Cibolo area. That area also has the advantage of being close enough to Randolph AFB and Fort Sam Houston to attract military renters and buyers.
I'll be happy to introduce you to the area when you come to San Antonio in April or May. Contact me within 2 weeks of your arrival date so I can put your visit on my calendar.
I'm looking forward to seeing you then.
Randy Kelley, Realtor
Keller Williams, Legacy