I've been getting phone calls recently from investors from both coasts. After an excited few moments of them hastily explaining that they have heard that Fort Hood is a great place to invest in real estate, they always say "Where IS Fort Hood?"
To educate you readers for a moment, imagine that you stab your finger right into the middle of the state of Texas, and you'll be pretty darn close to Fort Hood. It's located two hours south of Dallas, two hours north of San Antonio, and about an hour north of Austin, and was named one of America's most "renter friendly" cities by apartmentratings.com! A low cost of living, good job market, and a wealth of natural recreational opportunities brings young families as well as retired folks to the area.
The Killeen-Fort Hood area is growing at a tremendous pace, and builders and developers are pushing development at the same pace to meet demand. New duplex communities and other multifamily construction is going on in Killeen, Harker Heights, Copperas Cove and Nolanville, all cities within a few minutes drive to Fort Hood.
A 3 bedroom, 2 bath brick duplex with fenced yard can be bought for under $150,000, which makes our area VERY attractive to investors. We're seeing investors buying whole blocks of duplex homes! What better place to put your money than into Killeen Fort Hood real estate. A positive cash flow, a potential for appreciation.. looks good to me!
Hey Mary Ann,
I'll keep your area in mind for myself and investor relationships..
Thanks,
Scott
I can't believe realtors have to ask you where your area is if they are interested. I thought everyone knew about mapquest.
I've been tracking your neck of the woods from here in New York. I think you have a goldmine area for the next couple of years.
We live about 40 miles from Fort Hood as the crow flies (outside Jarrell) - longer by road. And, due to a series of caverns between here and there (I'm told), whenever they are doing artillery practice, our windows rattle (1930's house).
Jarrell, a little town of about 1200, is growing rapidly, and is very conveniently located for those folks who have one member of the family stationed at Fort Hood and another working in Austin.