All Forum Posts by: Account Closed

Welcome...I'm retired military and I currently have 10 properties throughout the Killeen area.  Good luck building your empire.  I'm sure you'll do fine.  

Brian is a fantastic agent.  

Completely true

@David Ivy

Ok...if you are in a hurry, send me a private message and we'll schedule a phone call.  If you aren't in a rush, we can wait for the coffee...up to you.

Rob!  I can give you the lender I use.  I'll talk with you about the notes and terms over coffee.

Thanks @Account Closed for your kind words. I'm not here to make anyone look foolish. I'm doing very well here and I think it is completely inaccurate to say you can't get wealthy here in real estate. I know two multi-millionaire investors myself. I'm close friends with one of them. In my case, I'm essentially retired at 43. I maintain my real estate license mainly for MLS access and I still actively represent a couple of high net worth clients with investor real estate transactions. My last parting shot to all aspiring real estate investors. I've run across some good advice on message boards but be warned, I've run across some bad advice as well. One guy claimed to own over 100 units in Killeen. He was on message boards giving all kinds of advice. I trust but verify so I ran his name in the Bell County Tax Appraisal District and the guy owned one unit...one property. Real estate is public record folks. Please do some due diligence and make sure your expert is who they say they are.

Here are my last words on this topic.  I'm not going to beg or twist anyone's arm to invest in Killeen.  If Killeen's population growth, low unemployment and low cost of living doesn't convince investors to buy here, I'm sure there is nothing I can say that will.  If investors don't come here, there will be less competition and more property for me in the end and I'm completely fine with that.  All I will say is I'm doing very well here.  Now concerning market risk of a deployment, natural disaster, collapse of the currency or running out of oil or anything.  There are no risk free investments anywhere on earth.  If investors want risk-free, I'd ask them to explore opening a savings account at a local bank.  Even then, there is inflation risk.  If anyone chooses to invest here, I reiterate.  Please find yourself a real estate expert to help you navigate our market.  I don't want anyone losing their life savings.  Like any market, it has its pitfalls and more than one investor has gone broke on bad investments.   This advice applies to any market in any city.  Good luck to you all.        

I don't mean to sound rude but investors from outside of our market are far from experts on it.  Killeen is not a good place for building long-term wealth?  I know a couple of very wealthy real estate investors in Killeen.  One guy owns over 30 income properties and another one owns over 20.  I own 9 (8 income) properties and I do alright. :)  All of my bills are paid monthly with plenty left over.  Our market has risks but every market has risks.  If the influx of high tech jobs left Austin tomorrow I'd think that market would see different appreciation in the future.  Our market is heavily influenced by Fort Hood and if every soldier deployed real estate investors here will be in serious trouble.  If that were to happen, the U.S. is in serious trouble and building wealth in real estate will actually be my lowest concern.   I don't comment on real estate outside of my expertise because I know real estate is market dependent.  It's more than just a numbers game.  If you just follow numbers you'll probably get torched in this market.  I firmly believe you need to know a real estate market down to the small details.  You need to know tenant quality, tenant tastes and rental demand down to the zip code level.  After that, you need to know it down to the subdivision level if you really want to do well.  Valuation is different on a micro-scale...demand is different...builder quality is different...the list goes on and on.  You will never see me comment on another market other than this one because I'm the first to admit I'm not an expert on it.  No comments on Houston, Dallas or Austin from me because I'm an expert in Killeen and it's surrounding cities.  @Brian Adams is speaking the truth.  You'll be wise to look his way for advice on Killeen and its surrounding cities.  There is good business for a real estate investor here if you find the right expert to mentor you.  Happy investing and good luck to you all.

@David Sharp Talk to @Brian Adams about MFH.  He is a MFH owner so he has experience and skin in the game.

I own 9 properties (8 income).  My income properties are with Linnemann Realty.  They are one of the largest RE firms in the city with solid process and procedures with protect both owner and tenant interests.  Run a Google search for Linnemann Realty and read the reviews.  If you like what you see, call them and ask for Becky.  

Becky is the the Director of Operations, she is awesome!