I am thinking of investing in the Killeen/Fort hood area. With all the troop movements would it be advisable to buy in these areas.? Also, I have noticed alot of foreclosed properties in the area…thanks
peguese,
Sorry you didn’t receive a response. I try to ensure all posts receive a response even if it’s an “I don’t know”.
As far as buying in the Ft. Hood area, it depends on what your exit strategy is. The market’s rarely ever perfectly balanced - either it’s a buyer’s market or a seller’s market. The trick, which I think comes primarily with experience and I’m still working on that one… :eyes , is to properly adjust your methodologies to fit the market and your situation.
So, I think a sarcastic, yet true, answer is that yes, it’s always a good time to buy, if you’re buying right. However, each of us would define “buying right” in a different way.
Do you plan to hold, wholesale, rehab and retail, etc.? If the market’s softening and I agree it is, then it’s a matter of playing more conservatively by buying cheaper, estimating longer hold times, etc.
Of course, some of it’s a guessing game, but when the market softens, the cash players seem to load up because the deals are there to be had and they can afford the carry until the market returns.
my two cents…
Hi -
The last time the troops left in large numbers was Desert Storm – 1990 and 1991.
To be truthful, although that troop movement left the area hurting a great deal, it was still going through the last of the Texas Oil crunch and S&L mess which made far more of an impact.
Even Austin did not really see things turn around until late 1992 and into '93.
Things are different this time. But even so, what really impressed me is the tremendous amount of growth the area has experienced in the past few years.
I like the area (especially out toward Lampassas).
Take care,
Eric C
PS - and of course, it’s on the I-35 corridor and located in the area known as “Dallantonio”.