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