All Forum Posts by: Brian Adams

Hello @Ariana Dean!

Welcome to BP and RE!

What has you interested in the Killeen market?  I'm an agent here and try to work with investors when I can.

Here it is @David Morgan!

http://www.meetup.com/Real-Estate-Investors-of-Kil...

This Thursday 11:30-1:00 is the next one.  I expect to be there myself.  Usually there's about a dozen who come - some regulars, some new. Very relaxed and just networking and chatting.

I'm with @Greg H. - from my experience with Killeen area buyers, depending on the price tier of the home, French doors are much preferred over sliders.  I'd go French if you can swing it.

Hello @David Morgan and @Jason L.!

I'm an agent in the Killeen area.  Not sure if the area is attractive to you, but hit me up if you are looking for market info.  There is a bi-weekly investor meetup I try to get to in Killeen as often as I can that I can recommend.

@Account Closed

Hello! Welcome to BP and investing!

Apart from hanging out on BP, as a fellow Killeen-ian, I would recommend the local MeetUp group that meets the first and third Thursdays for lunch.  It's a small, informal thing, usually about 6-12 of us.  But can be a good place to get to know at least a few other locals with similar interests.

Here's the link: http://www.meetup.com/Real-Estate-Investors-of-Kil...

I make it as often as I can.

@Mike Krieg

@Greg H. has a lot of good advice!

I have a multi-family (fourplex) I manage myself as well as a SFH that I have a PM for, AND my brokerage has a property management wing that I observe. I wouldn't want a Killeen area rental that goes for less than $500. I'm also extremely particular to 3 bedroom units, though I suppose the expectation with apartments are different. There are just so many affordable 3 bedroom SFHs that 2 and especially 1 bedrooms have a hard time competing for quality tenants.

Add the high turnover for smaller units AND high turnover for an Army town, and it would take one skilled, loyal and well-compensated PM to make that work, I think.

@Meli Farnam

Also, I know we spoke back in June - I hope the home alerts have been helpful?

@Meli Farnam

Hello!

I'm an agent in the Killeen area that does what I can with investors.  I attend the bi-weekly Investor MeetUp as often as I can make it.

I have a MFH and SFH rental in the area myself, but have not done any proper investment real estate personally. But I try to make myself and my agent resources available to investors - mostly CMA work - hoping to learn more about investing myself along the way.

I recently started a Fort Hood area real estate blog, to include investor related topics.

http://bit.ly/1JfCusi

Every investor is looking for something different from an agent, so please just let me know more about what you're trying to do and hoping for from an agent, and I will do what I can!

@Brian Cowan

Actually, multi-families in general have been trending upwards for some time in Killeen / Fort Hood.

I wrote a blog post just the other week on my favorite fourplex neighborhood which is currently "sold out", so to speak.

Multi-families in Killeen were hit hard by the 2008 crash because, even though SFH and Texas in general survived with only modest drops in home values, a lot of the multi-families were owned by out-of-state investors from FL, CA and NY. Those investors liquidated in a fire sale, and Killeen multi-family values were cut in half.

They bottomed in 2010 and have been steadily reviving ever since.

At the moment, development on the SW side of town (ZIP 76549) seems to be especially trending - with a lot of buyer in rental interest alike.  That is where the new Wal Mart and Texas A&M campus are, so it makes sense.  A $1.8M collection of 9 duplexes (so about $100,000/unit) just went under contract recently on that side of town.

Austin investors are also getting priced out of their market and looking to their affordable northerly neighbor for buy-and-hold deals.

I think it is a good time to be investing Killeen (I certainly hope so, as I have my own fourplex in 76549!)

Hello again @Raylor G.!

I hope I don't sound self serving, but our company does have property management as well.  As an agent, I mostly work in sales, not our property management, however we as agents do show the rentals.  I think we do PM better than at least 90% of companies in Killeen, but different companies may have different value-propositions and I would encourage you to check out more than a few other recommended PMs in the area.

Our broker is CJ Rogers and his contact info is [email protected], 512-563-4787, if you would at some point like to interview him.

Again, hopefully you can get some other recommendations to check out, because picking a good property manager is pretty darn important.