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Updated about 4 years ago, 10/29/2020
Is REI realistic for a service member?
Hi all!
I am an active duty Marine who has been in for 7 years so far. Although I am a Marine, I am also an entrepreneur at heart, and I am always brainstorming how to be my own boss. One of my goals is to build up a real estate company by investing in rental properties. The intent is to acquire as many properties as I can before I get out of the Marine Corps, and even then, continue to buy more.
Of course moving around every few years comes with the job. I was wondering if any of you have some insight as to if this is a realistic goal...I bought my first house in Rochester, NY for my family and I with the intent of renting it out when I move in a couple of years. I would like to buy another property to get 2 under my belt while still in NY.
I would like to purchase a house every time I move duty stations to build my portfolio. Is it realistic to be a serious investor while frequently being "out of pocket" training or deployed or simply just in another state?
Thank you all for your responses.
Very Respectfully,
Alex