Hard Money Lender in San Antonio
The San Antonio real estate market is very active and looks set to keep growing. Home prices are on the upswing and are expected to remain so, with a 3.3% increase in price expected in 2020. Businesses continue to relocate in San Antonio and employment is plentiful. Six Fortune 500 companies are now located in San Antonio, all offering high paying jobs. In addition, the flourishing tourism business also continues to grow.
San Antonio is the fastest growing city among the nation’s ten largest cities. Situated at the intersection of Interstate 35 and Interstate 10, San Antonio is a major transit corridor. Businesses are developing along these major thoroughfares, and with business growth comes residential growth. Every part of town is growing, with a strong surge of renovation and development in the South Side of town, a previously largely ignored area of town.
Additionally, the strong military presence in San Antonio creates a need for rental properties. With Fort Sam Houston, Lackland AFB, Randolph AFB, Camp Bullis and Camp Stanley, San Antonio has a large military population that almost always prefers to rent, as they never know where their next assignment might be.
There is a shortage of affordable housing in San Antonio, San Antonio currently has only a two month inventory of housing, where a six month inventory is considered a balanced market. Real estate costs are still lower in San Antonio than in most other large Texas cities. This makes for an excellent landscape for the real estate investor. Whether buying and flipping properties or buying to create a rental inventory, the savvy real estate investor in San Antonio can make great financial strides in such a lucrative market.
Loan Officer / Central Texas
Chris went full time into real estate investing after joining the Real Estate Education and Mentor Group, Lifestyles Unlimited, in 2011. As an investor, he bought 30 houses his first 30 months in San Antonio. Chris also jumped headfirst into the private financing industry in November 2011 for an organization that had zero market presence in Central Texas. There, he originated over 400 loans for over $35M in loan volume in less than 4 years. He was then promoted to Regional Manager in August 2014 and moved to Dallas.