South Texas Markets
Flipping Houses in San Antonio: The Local Playbook
Local knowledge is the edge. This is ours, written down.
South Texas Markets
The short version, then the substance.
Key Takeaways
- The inventory
- The numbers that work
- The local landmines
The inventory. 1920s to 1970s stock with decades of deferred maintenance, estate sales in established neighborhoods, and dated production homes on the North Side. The metro produces renovation candidates faster than the flipper population absorbs them.
The numbers that work. The classic local deal: buy in the high 100s to low 200s, renovate 30 to 60 thousand, sell in the low-to-mid 300s in the right pocket. Spreads compress closer to the core and widen with the skill the project demands.
The local landmines. Foundation movement in clay soils, historic district approvals near downtown, and over-renovating modest streets. Walk the foundation first, know your district rules, and let the comps cap the finish level.
The South Texas angle. Averlend underwrites this every week in San Antonio and across Bexar County. If you are working a deal in Alamo Heights or anywhere else in the metro, the theory above comes with a local desk attached: see our San Antonio lending page or send the deal directly.
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