Anybody investing in Killeen, Texas?

Question

Brian Adams · Answer

@Dan N.

I'm an agent here in Killeen.  We've definitely got some investors.  There is a MeetUp group that meets every first and third Thursday from 11:30 to 1:00 at El Chico's in Killeen if you have time.  The MeetUp group is at the following link:

http://www.meetup.com/Real-Estate-Investors-of-Kil...

Also, I personally keep the Google Sheet at the link below updated with possible deals, both MLS (foreclosures/short sales) and non-MLS deals that I run across as a Realtor.  Hopefully it might be helpful to you.

https://docs.google.com/spreadsheets/d/1NJhUwMD3M6...

I haven't done a lot of investing myself apart from a fourplex and single family that I originally lived in and now rent out, so I can talk about the rental market some.  The MeetUp group is the best place to start, though, as far as networking and seeing what other people in the area have going on.

Ryan Fagan · Answer

I have a quad-plex in Copperas Cove (next town over) since 2010, and It has been cash-flowing pretty nicely for me.  I would just boost your estimate for repairs and vacancy due to high turnover from military personnel moving around a lot.

Brian Adams · Answer

@Sherry Aplin

Awesome - I will look for you there.

Yep - the spreadsheet is still a new thing, but I hope to refine it as I get feedback and hopefully it is useful for investors in the area.

Sherry Aplin · Answer

@Brian Adams, I am a newbie investor in the Killeen area.  I plan on attending the next Killeen REI meetup.  I look forward to meeting you if you attend.  The spreadsheet is great!  I have a lot to learn, but am very eager.

James Stevens · Answer

Killeen is a good town, you really need to drive the neighborhood tho' because some do get bad.  Just make sure you see the property in person.

James L. · Answer

I have also considered the area, any parts of town to avoid? Any pit falls to watch out for? Thanks

Roy Oliphant · Answer

We have a property there in the rehab process.  We are excited about the prospects there.  However, military cutbacks due to the Washington budget issues will decimate this area.  And it seems to far to take advantage of the Austin/RoundRock job market.  As you are from the area, what do you think of the distance and traffic issue?

Jeremy Jackson · Answer

I sent you a request. Let me know how I can help.

Anybody investing in Killeen, Texas?

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