I am a military man and will be moving to Ft Hood in the next few months. Currently looking into Killeen for 4-Plexes (for residual income) and Georgetown for SFH (for resale value). Question is which way to go....
I am looking for some advice on the rental market in Killeen, what's a good rule of thumb for rent rates on 2/2 and 3/2 4-plex units, and which areas to look in and to avoid. On the flip side, how has the Georgetown market performed (based on home values) over the last few years? I have heard and read that the Austin market is becoming very inflated and that many people are beginning to move further north of the city. For this reason it leads me to believe that Georgetown and the surrounding areas should see an influx in home values, population, and rent rates here in the coming years.
Really excited about this move to Central TX. It's an investor's playground!
Thanks for the insight.
I am an agent that lives here in Georgetown but my office is in Killeen. I am also a military wife. I work with all kinds of investors. My office actually specializes in foreclosers if you are willing to do some work. The rental market in Killeen is HUGE. Almost too big. In my experience renters are also looking for single family homes. For a 3/2 duplex in Killeen you will get around $700-$950 for rent depending on location. But you can get single family homes for the same price. Georgetown rents are higher, but the price of the house will be much greater.
Let me know if you need anything!
When do you plan on PCSing here?
People are moving north of Austin, but not as far north as Georgetown, and yes, it will be a couple of years before that happens. The Georgetown market is feeding off of Killeen, Ft. Hood, but growing slowly. Most residents are purchasing in Killeen, Harker Heights, and south to surrounding cities of Austin.
I own and manage 3 apt complexes in killeen and one fourplex
As long u stay away from downtown (high crime) killeen you wouldnt have a problem leasing the fourplex
I bought my 4700 sf fourplex for 128k. It was built in 1982
And its very nice. U can find good deals here! Killeen will give u nice cash flow and nice appreciation
U can go to city data killeen and georgetown and compare the prices trend in the diffrent cities to try predicting the appreciation
Feel free to contact me for questions
Hi Travis, welcome to the forums. . . you are among like-minded vets that are thinking about our post-military careers.
@ Kate Reborchick
Mrs. Reborchick, I am an investor in the Central TX area, specifically Killeen/Cove/Heights right now. Do you have a mailing list that I can subscribe to so I can receive your listings as you find them? Thank you. JT
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