It is a strategy nick named “House Hacking”, and is the perfect strategy for new investor to make money from buying their own home.
Takeaways The Fort Hood market had a fantastic 2017, with median price growth of 11% over 2016. Median fourplex prices grew 14% over 2016 Foreclosures hit a new low at just over 14% of home sales Inventory is approximately 4 months, creeping closer to a seller’s market See 2016’s Synopsis I’ve defined the Fort Hood […]
Takeaways Fort Hood inventory falls under 5 months, creeping toward a Seller’s Market The rebounding fourplex/duplex market has plateaued The Harker Heights housing market continues to be one of the best performing communities Housing Inventory Falls Under 5 Months The Fort Hood area behaves like a weak buyer’s market – sellers often pay closing costs, […]
Takeaways Killeen’s rental market has gotten a little softer Plan on only collecting about 70% of the total rent Homes that rent around $900-$1200 probably make the best rentals in our market 1/3 of Americans are renters. 2/3 of Fort Hood residents are renters. There are a few reasons for this, but the main one […]
Note: The Texas Association of Realtors and TREC update promulgated forms regularly. For the most recent updates, check with TAR, TREC, or contact me at firstname.lastname@example.org. Note: I am a real estate professional, not a lawyer. Nothing herein should be construed as legal advice or instructions. BLUF You can “move in” or “move out” either […]
Those who know me know that duplexes and fourplexes are a specialty of mine. Rightfully so, as I own my own fourplex in Killeen, back while still in the Army. I’m also a multi-family evangelist, and in particular have extolled buy-and-hold investors to try the Fort Hood multi-family market. Empirically, I felt I was witnessing […]
Is it a buyer’s market or a seller’s market? Is there a way to tell other than gut feelings and anecdotes about how quickly homes are selling or not? Of course. It’s called months of inventory (or absorption rate). Months of Inventory and Absorption Rates are the same thing. “Absorption Rate” is a term more […]