New to the Killeen area.

[Jason Hill]

Hi BP

Im new to the Killeen area i have have read a bunch of post if Killeen is a good place to invest and get started ect ect. My question is being new here im having a slow start trying to figure out good areas, up and coming areas, areas ect ect. Right now I feel like I have come across a potential deal in the 76541area. Can anyone give me there opinion on this location?

[Brian Adams]

76541 is downtown Killeen - the older area. Your median year built is in the 1960s vs. 2005 for the area as a whole, so much, much older. Killeen can only grow south - away from downtown, meaning that the downtown area is not central to the city like it is in other Texas cities. 

Median prices in the area are very low, and there likely won't be enough margin for a flip. There are some landlords who specialize in low-income single families and multi-families who might be interested in buy and hold in areas like these, but frankly it is a difficult area to get good deals. The few investors I know who have done some deals there essentially managed to get the house for the value of the land ($10,000 or less in most cases) and wholesale to a buy-and-hold type.