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Updated about 10 years ago,
Advice needed, short term plan
In order for the advice needed, I need to tell you my situation..
I am a sea duty sailor, I work very long hours 4 a.m. - 6 p.m., I am usually stuck on the ship 1-2 nights a week, underway 1 week a month/7-8 months every year and a half. It will only be like this for about 2 more years where I will eventually get off the ship. I really wanted to get started in real estate investing, but uncomfortable in doing it in my area when I am leaving soon, and uncomfortable with investing out of state after strongly considering it.
I have been aggressively saving money and I receive a decent bonus every January until I get out in 2020(not retire). I have nearly perfect credit(796). I have zero debt, unless you consider the house I bought in 2010. $164,000 left on mortgage, houses similar to mine sell for around $180,000-$190,000(steady market) which I plan to sell and not rent when I leave.
I will be leaving Virginia in the summer of 2016. I will still be in the Navy, but I will have a much more predicable schedule and I have the chance to basically move anywhere in the United States. Where I move next is where I want to invest and live for the "rest of my life."
So for the advice needed, what can I do in the meantime? I believe my savings needs to remain flexible for when I move. Obviously I will continue to aggressively save money. But cash just sitting in my savings isn't helping at all. Should I aggressively pay down my current mortgage and net the profits for when I sell? What are my other options?