Military housing, living out of state.

[Austin Wise]

Hey everyone! I’m 22 and me and my wife will be moving back to the states in December and I will be leaving active duty In about 2.5 years. We are wondering if we should buy at our next base and rent it out when we leave but I’m a little worried about having a property that’s not in the state I live in. We are moving back to Georgia when I get off active duty but we don’t know where we will be going in December. Would it be a bad idea to have your first investment property to be out of state? Anybody have any experience with it?

[Deneuve Brutus]

Hi @Austin Wise fellow veteran here. Congratulations on your potential CONUS assignment! It is definitely possible to do. Advices is to have a good Property Manager in place, this ensures your sanity. If you haven't read Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-Of-state Rental Properties By David Greene, I would absolutely recommend it. He shares his systems and processes to find deal finders/wholesalers, real estate agents, lenders, property managers which he calls your core four. He also shares his experience and pitfalls to avoid. Let me know if you have any other questions!