Plan of Action - Military and Long Distance Real Estate

[Andrew Major]

From my post before, I described how I will be in and out, then finally deploying for 9 months.  I am currently in Fort Drum, NY.  You all had some good feedback, and this is what I finally came up with. This plan will keep me accountable and to not fall into a analysis paralysis. Tell me what you think!  Thanks

Game Plan:

While on deployment/if possible (between my partner in Delaware and I), we will both be doing market research.  We will be focusing on Bethlehem, PA as we are interested in this market.  I will also be researching Watertown, NY and surrounding areas.  During our analysis phase we will assemble a team of property managers, lawyers, and handymen. At the end of my deployment I will have about $50,000.  

At 6-8 months, my partner and I will be buying one multifamily in Bethlehem, utilizing a property manager for the long distance. This most likely will be a buy and hold, possibly BRRRR. We will have a strict lease, and develop it with a lawyer, property manager, and here on BP. I will also be buying a multifamily in Fort Drum, NY as I will have 2 years left. It will be a buy and hold that I self manage, and depending on my situation later on I will sell or get a property manager. By the end of my contract I expect to have a capital of $115,000 to utilize plus my VA loan. I plan to get 2-3 more multifamily houses in Bethlehem during my contract.