If you are looking for a fixer-upper, foreclosures are probably one of your best bets for a variety of reasons in the Fort Hood area. But foreclosures are low hanging fruit that attracts many investors and traditional buyers alike, and often have very little negotiating room on the price. Another option is finding a traditional seller with a home that needs some work in exchange for a good price.
The magic words are “TLC”, or “Tender Loving Care”, a real estate agent euphemism for a home that has seen better days. Other keywords in the remarks when looking for a fixer upper are “as-is” or anything with “investor” in it.
But beware agents advertising “investor specials”. Most agents don’t know anything about investing, and often don’t know what kind of discount investors actually need in order to make an investment work.
If you are an investor, I recommend starting here to learn about what kinds of properties do best in the Fort Hood market. You can also learn more about what to expect when flipping from the MLS.