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Updated over 10 years ago on . Most recent reply
Investing while in the military
I have been in the military for over... 11 years going on 12. I have been active in RE investing since 2006, when I bought my first house. I have found it EXTREMELY difficult to continue investing, while I am deployed. Any military members out there that have continued their investing while deployed? What strategy have, do you use?
I know a forum isn't exactly the place for long drawn out discussions or answers, so I can be reached via email edwin.epperson at gmail decimal com. Thanks in advance.
I am not in a job where we constantly have connection to the internet, I am typically deployed to austere locations, so those with this type of experience I would GREATLY appreciate your input/ advice
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Welcome to BP! And congratulations on taking the step towards bettering your financial future. I'm currently AD deployed right now (unfortunately got stuck in the call center this go around, so I do have connection readily available)
The biggest thing I can stress is have a strong team that has some inclination as to how the investing and landlording game works. If you don't have someone, it may be in your best interest to consider a Property Manager. Yes, they cost 8-12% (typically 10%) of your monthly rent. I'm not saying family isn't competent, but sometimes they don't have the experience to deal with potential bad situations. If you're looking to rent to military, as I do, you always have the benefit of going to their CoC if big issues arise. I'm actively working on purchasing my second investment property and I couldn't do any of this without my team. My eyes are a very good friend of mine who I'm teaching about inspections and certain things to look for; my realtor is an amazing woman who is beyond dedicated to her clients. Build your team and go from there. I'm still new as well, so I may have missed some good tips, so I hope others chime in.
Feel free to message me here or look me up in global.
SSgt Anthony H. Martin