Kileen multi-family risk

[Chad Trail]

I recently moved to Waco and have noticed that on paper the Kileen multi-family market looks good. I hear it is really rough as far as crime and drugs. I’m curious as to the experiences of investors in this area. Are these areas dependable for keeping tenants that pay and don’t trash the place?

[Chad Trail]

@Mark Kelly no I didn’t purchase real estate. I learned the company I was working for was in very poor financial health and I decided to buy a business instead. Management was already in place so I ran it as semi-absentee until January when my job company couldn’t make payroll.

I’m hesitant about student housing because they leave in the summer. I also saw my alma mater, University of Kentucky, obliterated the student housing market by building enough apartment style dorms for almost all students.

I’m still looking for opportunities for either real estate or business acquisition.