Moving to the Central TX (Killeen or Georgetown) Area!

[Travis Washington]

Greetings BP!

I am a military man and will be moving to Ft Hood in the next few months. Currently looking into Killeen for 4-Plexes (for residual income) and Georgetown for SFH (for resale value). Question is which way to go....
I am looking for some advice on the rental market in Killeen, what's a good rule of thumb for rent rates on 2/2 and 3/2 4-plex units, and which areas to look in and to avoid. On the flip side, how has the Georgetown market performed (based on home values) over the last few years? I have heard and read that the Austin market is becoming very inflated and that many people are beginning to move further north of the city. For this reason it leads me to believe that Georgetown and the surrounding areas should see an influx in home values, population, and rent rates here in the coming years.

Really excited about this move to Central TX. It's an investor's playground!

Thanks for the insight.

[Idan Zur]

Hi travis
I own and manage 3 apt complexes in killeen and one fourplex
As long u stay away from downtown (high crime) killeen you wouldnt have a problem leasing the fourplex
I bought my 4700 sf fourplex for 128k. It was built in 1982
And its very nice. U can find good deals here! Killeen will give u nice cash flow and nice appreciation
U can go to city data killeen and georgetown and compare the prices trend in the diffrent cities to try predicting the appreciation
Feel free to contact me for questions