All Forum Posts by: Pete Harper

Doing some additional research.  I found the statistics on vacancy rates and rents.  The numbers look promising. Vacancy rate is 3.9%, below Texas and US average, Rents are still low however, below Texas and US median.

https://www.deptofnumbers.com/rent/texas/college-station/

Looking at some statistics on rent.  Killeen vacancy rate is higher than Texas and US.  Rents are low relative to Texas median.  

https://www.deptofnumbers.com/rent/texas/killeen/

I’m researching markets for multifamily investment. My goal is buy and hold for retirement cash flow. Looking at smaller duplex or fourplex. I assume the local market is driven by A&M student housing. Can anyone share their experience both good and bad. I’m familiar with student housing having managed a 20 unit complex near a university. Occupancy rates, how is the rental market doing? Thanks, Pete

@Allan Bishop Jr. Thanks Allan! How long have you owned property in the area? Has the market appreciated over time?

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