Looking For ALL Assistance

[Justin Rush]

Hello BP Community,

Long story short, I am 30 years old, and live in Enumclaw, Washington. I spent ~ 6 years years in the Marines, another 6 with Amazon. I've stocked piled my money over the past three years and finally ready to pull the trigger; however, I'm now debating the market to buy my first Out of State (Long Distance) Rental Property in or near Pensacola, or if there are more creative ways to begin. For full transparency, I have around $80k that I want to generate income and will be going back to school with my GI Bill, SO will have ~3 years of another $2.5k a month to invest. I was looking at Florida... but we know the saturation and inflation tripled housing costs in the past few years. I was wondering if anyone could share their thoughts? I was looking at Notes, Hard Money Lending, Multi-Familiy, S & MTRs.

My goal is to create generational wealth and to master real estate, so I can teach my two boys that you can come from a trailer park and be successful. Any help is appreciated! I am in the process of making this decision, so I can start building my core four.

R/S

JR

[Doug Smith]

I am pretty good with the Florida decision. I think the market has slowed all over the nation, but Florida is still the #1 net migration state in the country. I did find this chart interesting as it also shows the areas in each state that people are migrating to/from. I was surpised to see a net LOSS in Miami while other areas of FL, including my home of Tampa, gained. TX was interesting too with areas of loss and gain. That migration is important to watch when deciding where to invest.