Killeen Fort Hood area (Kempner), TX · Member since 2014 · 1 post · 0 votes
Hello,
My name is Kevin. I am currently active duty Army with 5 years till retirement. I am interested in "Flipping & Wholesaling" in my local area. I have some rental real estate experience but my goal is to learn as much as I possibly can. I also have a considerable amount of construction experience and still own all my tools and equipment which should serve me well in this endeavor.
I would like to start flipping slowly and gradually build up from there.
Welcome to BP! I'm a big fan of the Central Texas area, and currently have several MFHs in the Fort Hood area, as well as completing our second flip in San Antonio.
One of the challenges I've seen in the Killeen-Fort Hood area is that it is a little challenge competing with all of the new homes being built in the area. Many buyers like the ability to move into a new house and, if contracted early enough, be able to pick out the fixtures, paint, flooring, etc. Between that and all of the incentives builders offer, the margins on flips in the area is tough...but not impossible.
I do think, though, that it is a pretty good area for buy/hold options. There's a steady stream of military personnel always coming and going, and those that don't want to buy still want to find a nice place to live in for the 2-4 years they are stationed there.
Good luck on getting started! BP is a great resource for information and connections!
Hey Kevin, Barry Ratliff here. I am a long time broker in your area and coach want to be investors among other cash flow strategies. Greg Fend is correct in all his comments about the our local market. You can be profitable on flips but you just have to wait a little longer. However I would suggest an untapped niche or a common price of home in fast selling area. Margins might less than you want but you get your cash back to do another.
I would like to hear from you what you know and strategies to implement your plan.