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Updated 3 months ago on . Most recent reply
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Is Killeen a good place to buy small multi-family rental?
I am a new(ish) investor with a handful of properties in the DFW area. I am considering going outside DFW for my next investment, but not too far (at most a 2-3 hr one-way drive from Dallas). Killeen is one option. Does anyone have experience/advice on investing in Killeen? Specifically, is the rental market stable, and is reliable assistance (like agents, property managers, contractors, etc.) available? My strategy is buy & hold for stable cash flow with some appreciation over time.
Also, if there are other markets like or better than Killeen, can you please share?
Thank you.
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Quote from @Sushil Iyer:
Quote from @Steve Tse:
Killeen is a good cash flow market, but you have to buy in the right area and also time your tenant turnover to the Permanent Change of Station (PCS) season since it is predominately military town
Thank you, Steve. That's very helpful. Do you have any suggestions on the right/wrong area in Killeen? I am specifically looking at zip codes 76543 and 76549. Thank you
76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different. North of Stan Schluter Loop you have older homes and multifamily properties. And south of that street is going to be newer, larger homes, a tier up. 76542 is actually very similar to that general rule as well.