Investing in Killeen and/or San Antonio

[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 ?

[Joseph Cacciapaglia]

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.