Why San Antonio is one of the best real estate markets in Texas for wholesalers and investors.
Joint Base San Antonio employs 80,000+ military and civilians. Creates huge rental demand near bases.
South Texas Medical Center is one of largest in US. USAA, Methodist, Baptist health systems.
USAA (19,000 employees), Valero, H-E-B, Rackspace, Toyota manufacturing.
UTSA, Trinity, multiple colleges create student rental demand.
Texas has NO state income tax but HIGH property taxes (2.0-2.5% of value annually). Factor this into ALL calculations!
Example: $200K home = $4,000-$5,000/year in property taxes = $333-$417/month expense
Alamo Heights (78209), Stone Oak (78258), Monte Vista (78212). Higher ARVs ($350K-$600K), retail buyers, faster appreciation.
West Side (78227), South Side (78242), East (78222). Lower prices ($150K-$220K), higher cap rates, military renters.
Parts of 78207, 78228. Higher crime, lower values, harder to exit. Only for experienced investors.
San Antonio offers the best of both worlds: flip opportunities in growing north-side neighborhoods AND cash-flow rentals in stable working-class areas. Know which market you're in for each deal.