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Lorenzo

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Reply with quote  #1 

Has anyone looked into these areas for real estate investments and or cash flow opportunities?  If so what do you think about the areas?

tprevost

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Reply with quote  #2 

I don't know too much about those areas except that there is the military base in Killeen.  I have a friend who has purchased a 4-plex in Killeen and is in contract on 3 or 4 more and (according to her) all are/will be cash flowing.  Apparently the builder/seller also does management for 8% of the rents.  Purchase prices for these are in the 170k range.  Again, I have not seen any actual numbers so am just relaying what has been told to me... but it seems worth looking into anyway.

 

Tracy

Lorenzo

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Reply with quote  #3 

I would definitely appreciate any information you could provide regarding the builder and any additional properties they are looking to complete.  I just purchased 3 4 plexes down there myself and it seems they will work out nicely for me.

Lorenzo

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Reply with quote  #4 
Any additional information anyone has on these or any other areas for cash flow would be greatly appreciated.  Do you know what the rental markets have been historically for these areas?
AnTex

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Reply with quote  #5 

Many Austin investors also have looked to Killeen for less expensive properties in recent years.   During the different phases of the war(s), etc. Killeen has been hit pretty hard with vacancies and abandoned properties as spouses get left behind and can't keep up the rent, etc.  

 

However that can lead to bargains for investors who can sustain some dips in the market and some softness in rentals, etc.  

 

The upside is that when those troops come home, they need to have a place to live, so those who weathered the storm might make out like bandits once the troops come back home.    

 

At times it can be a ghost town and at others it is booming.   Go into Killeen if you have the cash position to deal with deployments / vacancies / divorces, etc. 

 

Unfortunately, I know nothing of Lubbock, I think there is a college there, but student rentals have never been a favorite of mine.  

 

Best wishes,

 

Angelique Naylor – Investments

AnTex InvestmentGroup, Inc.

http://www.antexgroup.com

 

512-441-1593 office

775-206-5709 fax

anaylor@antexgroup.com

 

Agent – eExecutive Realty, SW, LLC

tprevost

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Reply with quote  #6 

Lorenzo,

 

I e-mailed my friend to get the info for you... I'll forward it ... sounds like you may want to be cautious not to get too many of them though

 

Trac'

reijoe

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Reply with quote  #7 
Quote:
Originally Posted by Lorenzo


I just purchased 3 4 plexes down there myself ...



Quote:
Originally Posted by Lorenzo


Do you know what the rental markets have been historically for these areas?



Huh?
tprevost

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Reply with quote  #8 

Lorenzo, 

 

I found that my friend is pretty much investing 'blindly' but did have this contact number for the agent they have worked with...

 

Keith Adams 254-702-2873 

 

Good Luck!

ogden

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Reply with quote  #9 

Caution, many who invest blindly are becoming SDCIA legends



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Reply with quote  #10 
We all know that the military makes excellent wages and soldiers can easily afford yearly rent increases. Or maybe not. If not, where will the appreciation come from? I see a depreciation asset due to maintainence. Or maybe those Texas yokels just don't know how much their RE is really worth, they need a sophisticated investor from San Diego to go show them the truth.
Kang

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Reply with quote  #11 
Quote:
Originally Posted by reijoe
Quote:
Originally Posted by Lorenzo


I just purchased 3 4 plexes down there myself ...



Quote:
Originally Posted by Lorenzo


Do you know what the rental markets have been historically for these areas?



Huh?
I'm guessing this isn't gonna work out to well.
Lorenzo

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Reply with quote  #12 

Thanks

 

 

allenrosenstein

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Reply with quote  #13 

What about Lubbock?  My bother teaches at the univiersity there.

 

Allen


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Allen Rosenstein
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