Newbie starting out in Killeen, TX

14 Replies

Hi everyone, my name is Brian Flannery.  Why am I getting into real estate?  I have a few friends that own multiple properties and they have tried to convince me for years, but I was always too scared to jump in.  Earlier this year, my brother turned me on to the BiggerPockets Podcast after we had a discussion about real estate.  I would listen to multiple episodes as I drove from central Missouri to San Antonio, TX every other weekend.  I'm in the military and just recently moved to Killeen, TX (Fort Hood).  One of my friends living here was  the very first to discuss real estate with me, and now being in the same city, I'm going to take advantage of having someone local that can help walk me through everything.

My goal by the end of the year is to just own one duplex in the area, just to get my feet wet.  But in the next few years I plan on purchasing properties throughout Texas and potentially in other states.  

I'm here to learn, read, listen, and grow.  

Welcome to BP @Brian Flannery ! You’re living in a great place to start. I just left that area 2 months ago but have lived there many years thanks to the Army. There are plenty of great areas in KLN, CC, & HH in which you can find a MFP. Feel free to ask me any questions or post them in a forum. There are a good number of active folks local to you who contribute on the forums.

Welcome to BP and Killeen! I'm a local agent who works with quite a few investors and multi-family properties. I've written a blog post here about what to look for in some multi-families, though the market for them at the moment has gotten quite hot in the past 12 months. 

There is a local Meetup that meets at Lil Tex in Copperas Cove for lunch the first and third Thursdays, though it's been about a month since I've been. That might be worth checking out. There is another one that meets in the evenings in Temple and is a little bigger.

There are a lot of multi-families in the area and it is a great strategy that I am very fond of, but you still need to be careful about the building you buy. There are some that look great on paper but are a handful to manage and likely not worth the squeeze. 

@Brian Flannery

Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:

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Wishing you the best!

@Brian Flannery - Welcome to BP. My wifes family lives in the area (FIL was in the army) and thats how I got introduced to that market. Currently we own two SFRs there. One in Killeen and another one that I did a BRRR (Buy, rehab, rent, refi) on earlier this yr which is in Kempner. Both are performing quite well and are being managed by a very good prop mgr I think there are some great opportunities in Ft Hood/CC/HH/Belton/Temple area with Austin market being hot and overpriced and with many people moving outwars along I 35 I havent bought MF so far in my portfolio but have looked at many. I am just a big fan of SFRs. Good luck in your search

Welcome to BP. You will really want to start off reading 

@Brian Adams

Website and read everything you can on it. Killeen is a great place to start looking for purchases. 

Welcome to BP @Brian Flannery - as you know this forum is an excellent place to start learning and to stay educated on the real estate market. I've also found that all of the posted events are both educational and excellent networking opportunity. @Scott MacDonald hosts one of my favorite in Austin. His next event is on the 19th of this month at Umi Sushi off i-35. Highly recommend coming down!

Thanks @Jarrod Covey for the recommendation. 

Brian, great to hear you are starting out! Everyone needs to make their first move sometime. As Jarrod mentioned me and a few friends run a meetup each month with the format having a guest speaker come along to talk on a subject of interest and then network for the remainder of the session. This month we have a risk assessment manager and insurance broker coming along to talk about motivating risk and liability on your rentals. I’d love to have you along if you can make it. Details can be found at:

https://www.biggerpockets.com/forums/521/topics/610006-south-austin-real-estate-investor-group-september-2018

Hello! @Brian Flannery

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

Hey @Brian Flannery  I  was just reading this blog and was interested to know if you actually did what you were planning on doing. I am also in the military and just arrived here to Fort Hood. I want to know what has been your experience so far and hopefully get to meet you and maybe work together. 

Felipe

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