Investing in Killeen and/or San Antonio

Realtor · Austin, TX · Member since 2020 · 43 posts · 26 votes

So I currently live 45 min south of Austin, TX in San Marcos. I’ve identified San Antonio and Killeen being 2 cities I’m interested in investing in. Both have military bases and more budget friendly properties. Especially Killeen. Does anybody have experience in these 2 cities that can provide some advice ?

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Joseph CacciapagliaBusiness Member

Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes

These are two very different markets. Killeen has a single employer that drives the entire economy, which gives it a very different risk profile from San Antonio, which has a very diversified economy. I don't have a ton ove experience in Killeen, but it seems like properties there provide a higher yield than San Antonio. I'm not sure how that works out on a risk adjusted basis though. In the last downturn a lot of the tertiary markets get destroyed, so I've stuck with major markets since then.

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
I invest in Killeen, happy to connect.
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Joseph CacciapagliaBusiness Member
Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
3y
These are two very different markets. Killeen has a single employer that drives the entire economy, which gives it a very different risk profile from San Antonio, which has a very diversified economy. I don't have a ton ove experience in Killeen, but it seems like properties there provide a higher yield than San Antonio. I'm not sure how that works out on a risk adjusted basis though. In the last downturn a lot of the tertiary markets get destroyed, so I've stuck with major markets since then.
[email protected]979-218-2286
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Dawson Brewer
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Realtor · Austin, TX · Member since 2020 · 43 posts · 26 votes
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@Joseph Cacciapaglia That’s a good point 🤔
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Dawson Brewer
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Realtor · Austin, TX · Member since 2020 · 43 posts · 26 votes
3y
Quote from @Eliott Elias:

I invest in Killeen, happy to connect.

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Kyle MccawBusiness Member
Property Manager · Keller, TX · Member since 2011 · 1k+ posts · 1k+ votes
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@Dawson Brewer Joseph had some great advice. I do believe Killeen has a great future. Temple is doing great and Killeen is catching the overflow.
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Chris Allen
Temple, TX · Member since 2018 · 307 posts · 215 votes
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Quote from @Dawson Brewer:

So I currently live 45 min south of Austin, TX in San Marcos. I’ve identified San Antonio and Killeen being 2 cities I’m interested in investing in. Both have military bases and more budget friendly properties. Especially Killeen. Does anybody have experience in these 2 cities that can provide some advice ?

I just finished a nursing travel assignment there in San Marcos! I invest in Killeen/Temple area and I think it is a pretty decent area to invest. If you are interested in Killeen, make sure to travel to the area, because neighborhoods can change pretty quick.

@Joseph Cacciapaglia does have a good point, but I would say that the military base is a pretty consistent employer. You also have some overflow from slightly more expensive Belton/Temple where you have Major Medical and a University. The Military base also brings quite a bit of transient/contract work to the area as well.
Overall I think both areas are pretty good to invest, it's just more of what numbers you are okay with and what market is easier you to get into.
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