U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-09-2012, 07:51 AM
 
Location: San Antonio
4,149 posts, read 9,310,429 times
Reputation: 3308

Advertisements

The investors that make good money on rentals are doing them in the lower income areas where you can buy the really cheap homes. Especially because many times they're section 8, which means you're guaranteed most of the money from the government and the tenant only pays a small portion.

Rentals are going like crazy in this market. They don't stay vacant at all.
Reply With Quote Quick reply to this message

 
Old 03-09-2012, 08:01 AM
 
100 posts, read 179,552 times
Reputation: 128
Quote:
Originally Posted by kevcrawford View Post
The investors that make good money on rentals are doing them in the lower income areas where you can buy the really cheap homes. Especially because many times they're section 8, which means you're guaranteed most of the money from the government and the tenant only pays a small portion.
I agree. From a pure financial perspective, low income housing rentals in general have higher returns. As an investor, you need to determine if the non-financial costs of such an investment (such as headaches from less desireable tenants) are worth the extra yield. Whether the answer is yes or no greatly depends on the investor.
Reply With Quote Quick reply to this message
 
Old 03-09-2012, 08:02 AM
 
29,965 posts, read 47,188,983 times
Reputation: 15876
my sister owns some rental properties in SA that she rents sometimes through sec 8--so they were lower prices and rent for lower amounts--
sometimes she gets problem renters (one guy stole her toilet and bathtub when he left owning rent)

her problem is the city taxes--which are going up and up

and you should remember this--right now the RE market is topsy turvey--
what happens when there is glut in rental market--which could happen even in SA--and you can't make profit after you have to drop your rent to keep up with market forces...

right now there is strong demand for rental property true--all over TX--not just in SA for military families--
at some point the govt is going to cut back on military numbers--SA could be town that is impacted by that reduction
then fewer families will be coming in

not saying it is not "smart" but you have to have the right numbers so that your deal continues to be profitable when the market is less geared to rentals...

strictly from what is more likely to be profitable--remember what Jesus said: "the poor are always with us"...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 10:31 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top