San Antonio: Forgotten Land of Real Estate

     It never ceases to amaze me how often San Antonio is over looked by real estate investors on a national and state level.  Institutional funds and TV shows tend to focus on markets such as Phoenix, Las Vegas, Las Angeles, Dallas, and Houston but what about good ol' San Anton? Let's take a look at some surprising real estate factoids:

• According to some sources the greater San Antonio area has more than two million residents
• San Antonio is the seventh largest city in the country
• There were only 52 recorded sales of houses over one million dollars
• Texas has 4 of the bottom 10 lowest credit scores per city
• San Antonio currently has seven homevestors franchises.  Dallas/Ft. Worth has over fifty
• For "flippers" San Antonio consistently shows 6-10% more equity in properties than similar properties in Dallas and Houston
• San Antonio 
• According to dozens of articles San Antonio consistently ranks as one of the fastest growing markets.
• San Antonio also continuously shows some of the highest rental rates per purchase price of property (Cap rates)
• Texas is widely viewed as the easiest state in America to foreclose on a home (average time of 45 days)
• The city is also widely viewed as one of the most stable markets nation wide
• The average sale price for all houses in San Antonio in 2014 was $209,534 whereas the median was closer to $165,000.  
• Average rental rates for Greater San Antonio were around $1,195 (Zillow)
• The actual sale price of all houses was 82% of the original listed price in 2014
• Average DOM for the entire city was 84 with the median around 70.
• San Antonio also ranks as one of the third most financially irresponsible cities

I'm always curious why the city doesn't get more attention and seems to fly under the radar of the big national markets.  I always here that "San Antonio has always been 20 years behind Dallas and Houston in regards to real estate development." Given that we know how those markets have turned out I encourage every investor to take another look at the home of the Alamo.

http://www.bankrate.com/finance/credit-cards/10-cities-with-the-lowest-credit-scores-2.aspx

http://www.zillow.com/san-antonio-tx/home-values/

http://tpr.org/webclip/san-antonio-makes-top-three-most-financially-irresponsible-us-cities

Southeast Investment Property

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 2001 build just minutes from Downtown & Less than 1 mile from Brooks City Base! This property sits on a large lot in a very desirable area of the Southeast side. Cosmetic rehab, this property can be a cash cow! Perfect for rental or owner-finance, and check the cap rate! Ask about financing as low as 7.99% with the Sherman Bridge Landlord Loan.

How to Get an Awesome Rehab Done

I've been doing business in San Antonio for quite a while, I've written articles about how important a good team is to in your success as an investor, and as a company seen over 300 rehabs in the two or so years that we've been operating in San Antonio from start to finish.  Today I'm here to show you what an awesome contractor can do for you and give you an idea of some numbers.  Jim McAuliff has been a good friend of mine for the last two years and does excellent work on rehabs, and for some of the best prices in town.  This was a project that he completed.  16930 Turkey Point, San Antonio, TX 78232 was a property that my partner Saad Khan and I sold to an investor in New York, NY.

Compare the before and after pictures of this house!

This house sold in 38 days to a cash buyer for exactly $248,000.  During the course of the rehab she wound up putting slightly more into the project than we had projected.  Her reasoning behind this was to create such an amazing aesthetic appeal that it wouldn't sit on the market for the projected 60-90 days.

Windcrest Wholesale Property!

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·         Location! Location! Location! 

·         Low days on market, and rents on this would be about 1700 a month
·         All brick
·         Legit sunlights, massive fire place that’s in awesome shape, and great layout.
·         No foundation

·         Newer roof, HVAC, and Water heater

·         Pool that is in great shape with newer equipment

·         We are the biggest house/lot of the comps, and the houses are outdated and still selling quick the pending in the packet is at 130k

WINDCREST!! This property is clean as a whistle, with minor cosmetic updating this home will stand out from the competition. The house has a pool that is in great shape with newer pool equipment. Other highlights on this deal is low days on market, through the roof rents, .35 acres, newer HVAC, newer roof, great layout. Call now this will
sell fast!  Contact Ryan at 210-710-1617 for more information!

4/3/2

2537 square feet

1974 build

.35 acres

Eden Foreclosure!

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EDEN/SEVEN OAKS!!! One of the nicer 

neighborhoods in North San Antonio where 

properties sell quick! Cheapest house in the 

neighborhood! House does need a new roof 

and cosmetics throughout. The pool needs 

repairs or needs to be filled in. Great days 

on market and awesome location for a flip 

property! Don't miss out on this little gem! Give Ryan Harthan a call at 210-710-1617.

Baths 3

Baths 2

Garage 2

SqFt 1946

Build  1977

Price 91,500

Rehab 25,000

ARV 160,000

Alta Vista - Buy at 36k sell at 135k!

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TOTALLY OFF MARKET HOUSE!!!!!

Alta Vista! This property is located in one of the best neighborhoods to flip a property however, it needs a complete gut rehab. Once your rehab is complete you should be able to sell at the top of the market within a short period of time. The rehab of this hidden gem should consist of maintaining the historic exterior charm while adding a modern flare to the interior. If you do that you will have a home run sitting in your lap. Call your New Western Agent today and schedule a showing and make this investment your next project.

Ryan Harthan

824 Broadway St. Ste 101

San Antonio, TX 78215
210-710-1617

rharthan@gmail.com

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Stillwater Investment Property

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5/3.5/2

3222 Sq Ft

2007 build

.38 acres

ARV 275K

Repairs 11K

Price 187K

Impressively HUGE home in the desirable Stillwater Ranch. You couldn't build this home for this cheap. Conveniently located in the back of the subdivision by the creek, on the biggest lot in the subdivision (.38 acres). Soaring ceilings, custom built-ins, remarkable closet space, wrap-around creek.. too much to list! Be the first to see this gem. NW new build's never last!

Beacon Hill Investment Property

BEAUTIFUL BEACON HILL cherry. House so well cared for, its practically a new construction. Foundation JUST repaired, fresh interior paint, 21 x 8 concrete patio, 23 x 15 upstairs patio with outside staircase (additional entry), 12 x 8 covered front porch, beautiful landscaping, detached garage with 2 additional carports (could be converted into mother-in-law or additional apartment). IDEAL conversion to a du-plex (have bid from contractor) or a VERY profitable flip (also have bid). Great DOM and a pretty easy cosmetic rehab will make this your next home run! Ask about financing with Sherman Bridge!  Contact Ryan at 210-710-1617 for more information

Home

Flip this Historic House!

Got a new one in Alta Vista.  With a $38,000 purchase price worth $110,000 anyone could make money off this.  Easy flip or great rental.  Feel free to give me a call if you have any questions at 210-710-1617.  Check out my blog at

http://www.wholesaletexasproperty.com

Ryan Harthan
Rharthan@gmail.com
210-710-1617

Alamo Heights Flip!

Alamo Heights School District! This home has the potential to be the flip of the year. It is very rare that a property in this area comes up at such a great price. With some creativity and the right investor this property could bring an exceptional return on investment. Call your New Western Agent today and schedule a showing and make this your next project!

http://www.isellhousescash.com

New Property North Central!

Here ya go fellas!

Thousand Oaks and Henderson Pass!  This location is hard to beat and this house for this price is a steal!  Fun and easy cosmetic rehab project with solid structural components.  Not to mention the ridiculously low days on market that you would expect for a great area of town like this!  Majority of sold comps in our packet show that houses are selling under 2 months on market.  This could be the quick higher end flip you've been waiting for!  Call today!