New Military Investor - preparing for flip at next duty station

[Henry White]

Hey all, I’m a new investor looking to either buy and hold at my next duty station in Lawton, Oklahoma. I have executed one successful flip (blind luck) and am looking to expand my real estate portfolio. Anyone have any contacts in that area to help find a deal?

Few general questions I am trying to answer:

1) I love cash flow which is why I am more inclined to buy, rehab, and hold; but I am reluctant to hold after I move out of state after hearing horror stories on the BP forums. Any rule of thumb to follow to know when it is better to buy and sell rather than buy and hold?

2) Does anyone have any good planning tools to plan our rehab (timeline, costs, etc.) I hurt my profits from my last investment due to the lack of planning prior to closing? I have a carpentry background and do most of the work myself, thus keeping on track is crucial to maximizing returns.

Thanks!

[Adam Jaggers]

Hey Henry,

Fellow Vet investor here. I spent quite a bit of time in Lawton myself. Be warned, there are some extremely high crime areas there you should steer clear of.

I would start by investigation crime stats so you and identify and avoid those areas.