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Major Redevelopment of Downtown San Antonio Raising Investment Property Values

If you are looking for high ROI real estate investment opportunities, you would be wise to consider buying rental properties in and around downtown San Antonio soon.

Major redevelopment projects are occurring in downtown San Antonio worth hundreds of millions of dollars, including new hotels, a new Frost skyscraper, a revamping of the Lone Star Brewery, and an overhaul of Alamo Plaza.

The south side of San Antonio also is going to have major redevelopment in the works in the coming years, with a facility there to rival the Pearl on the north side.

Some of the other parts of San Antonio that are seeing revitalization are the Alamodome, San Pedro Creek and the Hemisfair area. All of this is going to be adding substantially to real estate values in the San Antonio area.

All of this growth and redevelopment is leading me to pick up more properties around town. This two for one deal is one I just got last week:

Address: 106 and 110 Dewitt, San Antonio Texas, 78210

Description: Location Location, just south of downtown, short distance to the river walk and the new San Pedro creek river walk extension project (multi-billion dollar inner city revitalization): properties are going to double in value in the next 5 years. Both homes need to be converted into 3 beds 1 bath: estimated repairs for both projects: 80K-40K each, purchase price for both investments: 80K, Max After Repair Value: 119K each or 230K for both, Package deal.

Price: $80,000 cash

Exit Strategy: I recommend buy/remodel/rent then resale in 5 years

Comps: 110 & 106 Dewitt rental comps 110 & 106 Dewitt sold comps

These San Antonio investment properties are only $40,000 each. I recommend putting $40,000 into each one and then renting them out for a few years. I expect these properties will nearly double in value by the time most of the slated renovations downtown are completed. I have bought and sold hundreds of under market value homes in this area, and I am usually very close on what houses will be worth after my rehabs and after 3-5 years.

I have not seen San Antonio put this much money into the downtown and surrounding areas in a long time. I expect the development is going to make San Antonio investment opportunities even more profitable.

 

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Forbes Trumpets Texas and San Antonio for Lifestyle, Real Estate Investing

If you are looking for a good place to move with affordable, growing real estate prices, good job opportunities and high ROI real estate investment opportunities, you should strongly consider Texas, and San Antonio.

Don’t take our word for it: Forbes magazine has been touting the many economic benefits of living and investing in real estate in Texas in 2017.

According to a Forbes analysis of realtor.com data in 2017, San Antonio is the #4 city in America for where people are moving to. The median home price, while it has gone up since 2012, is still a reasonable $275,000. Unemployment is very low in San Antonio at just 3.7%.

Austin is ranked #5 for where people are moving, and the unemployment rate is just 3.1%. The median home price is up to $399,000, however.

When it comes to investing in high ROI real estate investments, you will have a hard time finding a better place than Texas, Forbes also reports. Many Texas cities, including San Antonio, receive high marks both for affordability and growth. Those are two of the most important factors when you are thinking about investing in real estate.

Forbes notes that Texas has several spots on its top 20 cities to invest in. It explains that the recession and housing crisis did not hit this state as hard as the rest of the US. This means that the state has bounced back faster and has been adding more jobs for longer and faster than most of the US. Job opportunities and affordable real estate have led more people to move to Texas, as of 2015, than any state other than Florida.

The magazine states that San Antonio is one of the top 20 places to invest for 2017 because the population of the city grew by an impressive 6.5% from 2012-2015. In 2016, home prices gained 7% in value and jobs growth was 1.7%. Homes are still under valued by 7%.

If you are looking for a good under market value investment opportunity in San Antonio, consider this one:

  • Address: 1319 S Hamilton St., San Antonio, TX 78207
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors Another Major cash flow opportunity, 30% instant equity under market value, almost cute cottage, needs minor help, booming San Antonio Market West of Downtown, 2 beds, 1 bath, 616 sqft, lot size: .05 acres, estimated repairs: 5K, clean/lawn maintenance/interior paint/front paint. Max After Repair Value: 75K
  • Cash Price on San Antonio Fixer Upper: $45,000 CASH ONLY
  • Exit Strategy: Owner Finance with 5k in repairs: 5Kdown payment, $750.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 75K, see attached sold/rental comparables.
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Forbes High on Texas for Real Estate Investing and Lifestyle

If you are looking for a good place to move with affordable, growing real estate prices, good job opportunities and high ROI real estate investment opportunities, you should strongly consider Texas, and San Antonio.

Don’t take our word for it: Forbes magazine has been touting the many economic benefits of living and investing in real estate in Texas in 2017.

According to a Forbes analysis of realtor.com data in 2017, San Antonio is the #4 city in America for where people are moving to. The median home price, while it has gone up since 2012, is still a reasonable $275,000. Unemployment is very low in San Antonio at just 3.7%.

Austin is ranked #5 for where people are moving, and the unemployment rate is just 3.1%. The median home price is up to $399,000, however.

When it comes to investing in high ROI real estate investments, you will have a hard time finding a better place than Texas, Forbes also reports. Many Texas cities, including San Antonio, receive high marks both for affordability and growth. Those are two of the most important factors when you are thinking about investing in real estate.

Forbes notes that Texas has several spots on its top 20 cities to invest in. It explains that the recession and housing crisis did not hit this state as hard as the rest of the US. This means that the state has bounced back faster and has been adding more jobs for longer and faster than most of the US. Job opportunities and affordable real estate have led more people to move to Texas, as of 2015, than any state other than Florida.

The magazine states that San Antonio is one of the top 20 places to invest for 2017 because the population of the city grew by an impressive 6.5% from 2012-2015. In 2016, home prices gained 7% in value and jobs growth was 1.7%. Homes are still under valued by 7%.

If you are looking for a good under market value investment opportunity in San Antonio, consider this one:

  • Address: 1319 S Hamilton St., San Antonio, TX 78207
  • Year Built: 1956
  • Description: San Antonio buy and hold investors and real estate investors  – Another Major cash flow opportunity, 30% instant equity under market value, almost cute cottage, needs minor help, booming San Antonio Market West of Downtown,  2 beds, 1 bath, 616 sqft, lot size: .05 acres, estimated repairs: 5K, clean/lawn maintenance/interior paint/front paint. Max After Repair Value: 75K
  • Cash Price on San Antonio Fixer Upper:  $45,000 CASH ONLY
  • Exit Strategy: Owner Finance with 5k in repairs: 5Kdown payment, $750.00 monthly PI/TI, 30 year amortization, 10% interest, Sales Price: 75K, see attached sold/rental comparables.