1st time investor looking for my first HH in Central Texas

[Jeremiah Thomas]

Well, hello everyone, 

Please let me introduce myself, my name is Jeremiah Thomas and the beautiful young woman in my profile picture next to me is my fiancé. I am 25 years old and spend my days working remotely for a small biotech company. My journey into real estate investing started in June of last year when my aunt and uncle (real estate investors) handed me "Rich Dad Poor Dad". After that complete wake-up call I spent the rest of the year consuming as much content as I could, all the while slowly turning my self-doubt into driving purpose. Now I am here today, looking to connect with and learn from those who have pursued their goals and are crushing life. 

I currently live in Illinois, but I am planning to move down to Central Texas, specifically the Killeen - Temple area in order to be closer to my fiancé and her family. I am primarily looking for a small multi-family property but have also considered single family into my house hacking equation. I have visited the area a few times but most of my information has come from internet research. I would be grateful to connect with anyone who has experience in the Central Texas region, especially if they are familiar with Killeen - Temple. 

Hope to connect with y'all soon!

[Chris Allen]

Quote from @Jeremiah Thomas:

Well, hello everyone, 

Please let me introduce myself, my name is Jeremiah Thomas and the beautiful young woman in my profile picture next to me is my fiancé. I am 25 years old and spend my days working remotely for a small biotech company. My journey into real estate investing started in June of last year when my aunt and uncle (real estate investors) handed me "Rich Dad Poor Dad". After that complete wake-up call I spent the rest of the year consuming as much content as I could, all the while slowly turning my self-doubt into driving purpose. Now I am here today, looking to connect with and learn from those who have pursued their goals and are crushing life. 

I currently live in Illinois, but I am planning to move down to Central Texas, specifically the Killeen - Temple area in order to be closer to my fiancé and her family. I am primarily looking for a small multi-family property but have also considered single family into my house hacking equation. I have visited the area a few times but most of my information has come from internet research. I would be grateful to connect with anyone who has experience in the Central Texas region, especially if they are familiar with Killeen - Temple. 

Hope to connect with y'all soon!

 Hey there Jeremiah, welcome to the world of real estate! I am an RN down here (Work in Temple, currently living in my HH Duplex in Killeen). I can tell you that Killeen is a "hit or miss" city, where you can be in an okay neighborhood in one spot, and a block over be very rough. Right now multifamily properties are going a bit crazy. I bought my duplex in 2019 for $137k (still needed some work and updating), about a month ago my neighbor sold for $225k and across the street is wanting to list soon for $250k. "General Rule" that I have seen in Killeen is the closer you are to base and the more north of I-14, the more rough it gets, but there are some pretty good pockets scattered around. 

I personally am looking to move out of Killeen and be closer to Temple/Belton, and honestly with homes right now, I am considering just buying a new build. A lot of the SFH I am seeing right now could benefit from some minor updating, and for a 3:2 you are looking at Low-Mid 200's. While you can get a 3:2 New build for a little more in the mid-upper 200's.

I really like Temple and Belton (Right on I35, great school districts, university, major medical center), but I would also look at Harker Heights (nicer submarket of Killeen). If you want a multi-family, you are going to need to look more in Killeen/HH and either pay a premium ($400k) for a duplex, or be okay with a slightly older multi that may either need work, or might be in slightly less desirable location. 

If looking a a SFH, you may consider renting out rooms to either travel nurses, college students, or something like that.