Advice/solutions to better my profile as well as bank

[Earl Jefferson]

Hi everyone,

Currently I'm serving in the military, deployed. When it's time to depart, I should've earned around $30K to do what I want, investing wise. I joined the military to have the opportunity to move around, as well as use my VA loan to purchase/rent out houses but in California, the opportunity is only there if you want to pay a lot for little. Also, I've grown to hate being away from family, I've deployed back to back already, while feeling like I'm making a basic paycheck monthly. So I'm asking, is there a good avenue to invest my money somewhere? Something that can set me up to where if I wanted to, I could walk away from the military with no regrets. I'm truly lost when I look up wholesaling real estate, I wouldn't mind being the " investor ", to loan out physical money in hopes to receive profit, but any tips would be great. Thanks.

[Andy Mirza]

@Earl Jefferson I second the idea of buying a 2-4 plex. Live in one unit and rent out the others. Do your research and talk to realtors and property managers before jumping in.

Start going to local real estate investment clubs. Get to know some of the rehabbers. I'd suggest getting your 2-4 plex first. With any extra money you have to invest, try to find a more experienced investor and offer to put up money on a deal when you've vetted that person and educated yourself enough.

Another option that might work is outside of real estate. One of my friends is investing with lendingclub.com. I have no affiliation at all and do not invest with them myself. It seems like a good alternative for someone who deploys a lot and wants truly passive income. Educate yourself and understand the risks whatever you decide.

Good luck!