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Updated over 1 year ago,
Looking For ALL Assistance
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