4 San Antonio Areas to Take Advantage of with a Fix & Flip Loan
San Antonio offers many investment opportunities for fix-and-flip investors, but competition is fierce. Learn more about where to find properties.
Texas offers many excellent markets for fixing and flipping houses. The greater San Antonio area is home to more than 2.5 million people. If you know where to look, house flippers will find opportunities throughout San Antonio, New Braunfels, and other parts of the metro area.
Read on to learn about some parts of town where you might be able to find properties that meet your criteria for a fix-and-flip.
Planning a fix & flip in San Antonio
San Antonio is Texas’ second-largest city and its third-largest metropolitan area. According to some sources, it is also the fastest-growing city in the country. Economic opportunity is the reason cited by many newcomers to the city. The city is home to Joint Base San Antonio, which consists of multiple U.S. Army and Air Force facilities and employs more than 70,000 people. Other major employers include the grocery store chain H-E-B, the insurance company USAA, the technology company Rackspace, and the auto manufacturer Toyota.
Founded in 1718, San Antonio is also one of the oldest cities in Texas. It has many historic neighborhoods, which can present challenges for house flippers. San Antonio zoning laws and building codes may limit not only construction in certain areas, but also renovation of existing properties in some cases. At the same time, the city is expanding outward in all directions with booming new home construction.
House flipping has become a major investment activity in San Antonio in the past few years. Unfortunately, this has made competition quite fierce and led to higher home prices. A prospective house flipper needs to consider not only possible legal restrictions, but also whether a particular area is already oversaturated with fix-and-flips.
Areas in San Antonio for fix & flip properties
Much like many other U.S. cities, San Antonio is going through a process of new investment in older neighborhoods. Identifying specific neighborhoods can be difficult given the large amount of fix-and-flip activity in the city. The following four areas are examples of where house flippers should be able to find properties.
Los Angeles Heights-Keystone
This neighborhood is located along I-10 about four miles northwest of downtown and one mile south of Loop 410. Residents describe the area as walkable and friendly. It is close to the Deco District, which hosts many notable art installations. The median listing price in October 2022 was $199,900, a 5.2% increase over the previous year, according to Realtor.com.
Highland Park
Highland Park sits adjacent to Denver Heights to the east and south. Its growth has not been quite as explosive as Denver Heights, with the median home price rising 3.2% year-over-year to $226,000 in October 2022. Its proximity to downtown San Antonio makes it an appealing location for many families and has promoted steady growth over the years.
Highland Park sits adjacent to Denver Heights to the east and south. Its growth has not been quite as explosive as Denver Heights, with the median home price rising 3.2% year-over-year to $226,000 in October 2022. Its proximity to downtown San Antonio makes it an appealing location for many families and has promoted steady growth over the years.
Denver Heights
Located just east of downtown, at the northeast corner of the intersection of I-37 and I-10, Denver Heights is one of San Antonio’s most historically significant neighborhoods. While it is experiencing significant growth, longtime residents are reportedly working to ensure that the neighborhood retains its distinct character. The median home price in Denver Heights increased 19.9% from October 2021 ro October 2022, to $289,000.
New Braunfels
Moving away from central San Antonio, the nearby town of New Braunfels is also experiencing significant growth. The U.S. Census Bureau estimated that it was the fifth-fastest-growing city in the country during the year ending in July 2021. By then, the town’s population had reached 98,857. The median home price rose 12.6% year-over-year, reaching $450,000 in October 2022.
New Braunfels sits near the edge of the Edwards Plateau, also known as the Texas Hill Country. It features numerous opportunities for outdoor activities. The Schlitterbahn water park was the largest in Texas until its counterpart, Schlitterbahn Galveston, opened in 2006.
The keys to success fix and flips: speed and efficiency
The San Antonio fix and flip market is heating up fast. That means you need an efficient lender on your side. Ditch a traditional bank’s restrictions and delays, and partner with an established private hard money lender that’ll take you to the closing table with speed and care. Our team lives and invests in Central Texas. We’ve closed a collective $500M+ for our clients. You’re next!
Read more: See Capstone’s Fix and Flip Loan Advantages
Start your pre-approval for a fix and flip project in San Antonio by answering a few easy questions online.
