All Forum Posts by: Jordan Lagrassa

For perspective, I recently compiled a partial list of flips, just those from the MLS, in the Killeen area. I created a more exhaustive list of every flip I could find in the area in the last year (I searched homes that had sold twice in the last 12 months) that I can send anyone if they request it. That is of course just properties flipped that used the MLS as a lead source - most investors I know hold onto their properties in Killeen as rentals. Buy and hold is actually very popular.

I don't know how it compares to other markets, but I think it is an area with just as much opportunity as elsewhere. The uni-employer nature of the area is always something that should be accounted for, but not one that worries me personally in the slightest. It's the largest American military post in the world, and that won't be changing in the next generation or two.

Are these foreclosed properties or are they distressed properties off the mls ? Haven't heard from you in a little while Brian!

0 Votes

vacancy rate is not to high but you move alot of tenants in and out. Iv looked into this area myself and I'm alot closer than you are . The market has way to many fluctuations because of the military. The city is over saturated with houses. You can make money in that area but in my opinion it would not be good for buy and hold. You would have to buy it right and sell it at the right time . Just my 2 cents . Good luck

0 Votes

if I'm not mistaken I think you would have to sell all the properties as a package deal also

0 Votes

I have heard of this going on in my area as well.

0 Votes

I'll have to check them out thanks guys

0 Votes

Looking to have a company logo made for me. Where are some recommended places for a good price ?

0 Votes

short sale would be the best option. Are you trying to buy it?

0 Votes

Originally posted by @Lance Lvovsky:

@Jordan Lagrassa would you mind sharing which lender gave you that rate?

It was through union state bank in temple tx

0 Votes

All Forum Posts by: Jordan Lagrassa

Jordan Lagrassa has started 18 posts and replied 67 times.

Post: Color scheme

Post: Color scheme

Post: 18 unit apartment in Texas

Post: 18 unit apartment in Texas

Post: Would you buy 8 Flips in one shot?

Post: Looking for builder who sell to investors in DFW / Austin area

Post: Company logo

Post: Company logo

Post: What to do with a property that's in trouble

Post: 30+ properties ?