| Buying Investment Property in the Fort
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| | nationwide sending the troops to Fort
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| Hood, Texas area could be a clever,
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| | Hood, where are these folks supposed to
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| lucrative move right now. The main
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| | live? In YOUR investment properties!
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| cities surrounding the giant Fort Hood
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| | Most military families prefer to rent
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| military base are Killeen, Harker
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| | (usually subsidized by the government
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| Heights, Nolanville, Copperas Cove,
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| | through a housing allowance) vice
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| Kempner, Lampasas, Gatesville and Belton,
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| | purchase a home since they usually rotate
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| all sport very reasonably priced single
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| | to a new base every couple of years.
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| and multi-family homes.
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| | This constant migration of troops in and
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| The city of Killeen is the 21st fastest
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| | out of the Fort Hood area provides a
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| growing city of its size in America and
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| | steady stream of renters to occupy your
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| the 5th most undervalued for real estate.
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| | housing units, whether they be single or
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| The areas surrounding Fort Hood are
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| | multi family. Just recently, the news
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| predicted to continue to increase in
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| | was released that soldiers living onbase
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| value over the next few years, even as
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| | in housing would soon be responsible for
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| the overall real estate market in America
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| | paying their own utility bills, something
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| begins to slow. Major real estate areas
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| | that the government usually wrote off as
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| such as San Diego, Los Angeles, Miami,
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| | a base-wide cost. This move will more
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| Fort Lauderdale, Austin, Seattle all slow
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| | than likely send even more troops to
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| down (and in some instances even begin to
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| | search for offbase housing. Also,
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| lose value), the areas surrounding Fort
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| | military renters are much safer renters
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| Hood continue to climb slowly, but
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| | to have because if there are damages
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| surely.Multi-Family units are "HOT" in
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| | unpaid rents, the military will intervene
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| the Fort Hood area right now, with many
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| | on your behalf and assist with the
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| investors from other states (California
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| | compensation from the military member, to
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| being a major player) are swooping in and
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| | include garnishment of their wages. This
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| snatching these properties up as quick as
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| | being said, the incidence of "deadbeat
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| they can hit the market. The prices on
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| | renters" in the military is very low.All
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| some typical 4-Plex units (2 x 3/2, 2 x 2
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| | of the information provided in this
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| 2) built only 2 years ago have risen from
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| | article is freely available on the
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| the high 170K range to an astonishing
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| | internet. Opinions regarding military
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| 220K+ price!With all of this being said,
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| | renters are formed from discussions with
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| with the ongoing reorganization of the
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| | military housing office personnel and
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| U.S. military and the BRAC (Base
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| | from personnel experience renting to
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| Realignment and Closures) list showing
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| | soldiers.
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| the consolidation of many bases
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