Skip to main content

Real Estate Investment

The city of Killeen is the 21st fastest growing city of its size in America and the 5th most undervalued for real estate. The areas surrounding Fort Hood are predicted to continue to increase in value over the next few years, even as the overall real estate market in America begins to slow. Major real estate areas such as San Diego, Los Angeles, Miami, Fort Lauderdale, Austin, Seattle all slow down (and in some instances even begin to lose value), the areas surrounding Fort Hood continue to climb slowly, but surely.

Multi-Family units are "HOT" in the Fort Hood area right now, with many investors from other states (California being a major player) are swooping in and snatching these properties up as quick as they can hit the market. The prices on some typical 4-Plex units (2 x 3/2, 2 x 2/2) built only 2 years ago have risen from the high 170K range to an astonishing 220K+ price!

With all of this being said, with the ongoing reorganization of the U.S. military and the BRAC (Base Realignment and Closures) list showing the consolidation of many bases nationwide sending the troops to Fort Hood, where are these folks supposed to live? In YOUR investment properties! Most military families prefer to rent (usually subsidized by the government through a housing allowance) vice purchase a home since they usually rotate to a new base every couple of years. This constant migration of troops in and out of the Fort Hood area provides a steady stream of renters to occupy your housing units, whether they be single or multi family.

Just recently, the news was released that soldiers living onbase in housing would soon be responsible for paying their own utility bills, something that the government usually wrote off as a base-wide cost. This move will more than likely send even more troops to search for offbase housing. Also, military renters are much safer renters to have because if there are damages/unpaid rents, the military will intervene on your behalf and assist with the compensation from the military member, to include garnishment of their wages. This being said, the incidence of "deadbeat renters" in the military is very low.

All of the information provided in this article is freely available on the internet. Opinions regarding military renters are formed from discussions with military housing office personnel and from personnel experience renting to soldiers.

Comments

Popular posts from this blog

Studying the Effects of MDIA

There was a first law enacted in July 2008 before the Mortgage Disclosure Improvement Act or MDIA was created. The MDIA was a spin off of the first law and it came into effect on July 30, 2009. The Mortgage Disclosure Improvement Act was supposed to take effect not in July 2009 but in October 2009. The early implementation of the said law by the federal government came as a surprise to all professionals such as real estate agents, brokers, banks, lending institutions and borrowers as well. The dictates the closing time span with regards to the home loan. Before this act was implemented, the normal process of applying for a loan starts out when the commercial bank or other lending firms gives out a good faith estimate or a truth in lending to the borrower. This process is done after the borrower has filled up the standard application form. The good faith estimate only takes about three working days to be sent out by the bank to the borrower. The new law, MDIA, on the other hand, cancels...

mexican realestate prokers

Many real estate investors burnt their fingers in the U.S. subprime crisis. While few economists do believe that U.S. property market is on its way to recovery, no one is really waiting with bated breath. The fact is that people are too wary of investing in U.S. real estate any time soon. The property prices will not rise for a considerable amount of time which eliminates it from the list of investment options for an American. So what are options for a U.S. citizen who wants to secure and grow his investment? The answer lies just south of the border. Mexico Real Estate too was hit by the real estate bubble but it took proactive steps and remerged from the recession very admirably. This is borne by the fact that Mexico properties industry is posting impressive growth numbers and demand is increasing all the time. The prices though still less then pre-recession time are rising steadily. This means that anybody buying Real Estate in Mexico right now stands a better chance of great return ...

corporate Office Refurbishment

An office refurbishment can provide enormous benefits to staff productivity and morale when completed but it can also sap time and enthusiasm from your staff whilst the process is being considered, planned and finally underway. Maybe an office refurbishment is required to improve space ratios and take advantage of smaller footprint workstations, or just to bring your office environment up to a modern standard and to rearrange existing team structures. Or possibly an office refurbishment project is necessitated due to a relocation, or the opening of a new office or the merger of two companies or two previously discrete locations. Whatever your reasons for undertaking an office refurbishment there are a number of steps to overcome to ensure that your project creates the:   Right outcome In the right timescale And for the right price If you can achieve all these then you should be well on the way to a successful refurbishment project and advance planning and attention to detail throughout...