Killeen/FT Hood Multi-Family

[Pete Harper]

I’m researching multi family prospects in Killeen. My strategy is buy and hold for long term cash flow. I would be interested to hearing from other investors in this market. What is you experience both good and bad? I assume the local rental market is heavily tied to FT Hood military personnel. Is the turnover high with people being transferred? Thanks, Pete

[Allan Bishop Jr.]

I’ve been stationed at Fort Hood three times and I have a rental there.  Is there turnover with Soldier tenants? Yes, of course. But with the constant influx of new personnel a good property won’t stay vacant. A lot of folks stay in the area after they get out to work Civilian or contractor jobs on post too. Out of six or seven tenants I’ve had I think only one or two were Army. The area also has other things going for it (e.g. a growing Texas A&M campus, the main highway being upgraded to I-14, etc). Other local cities are good investment locations too (Harker Heights, Copperas Cove, etc). At some point I’ll invest there again.