Buy before or after deployment.

[Ian Morales]

Hi everyone!

The reason of this post if for advice. I would like to make first step and make a deal, but I will deploy on Jan 2024. I like to know if is wise to wait and keep developing knowledge about real state or take a risk and network with people that can take care of the property on my absence. 

I'm interested on:

-Multifamily with a VA loan.

-Short term rentals

-Single Family

Preference location Puerto Rico or Florida. 

Thank You 

[Andrew Cowles]

I understand I'm late to this thread but I feel I can give some good insight. I actually just got back from deployment and happened to close on a flip about a week before leaving on deployment.

I did not have the systems in place to handle a project without being involved myself. It was not something that I had planned for as the deployment was a last minute tasking. This was not my first deal and I was able to get through it and still have a successful deal at the end of the day but I would not suggest purchasing before you leave especially as it sounds that you do not even have a deal lined up and have very limited experience. If this is the case, the odds of you even finding a good deal and closing before you leave are very slim.

You will have a whole lot of nothing to do outside of work. Take the time to invest in your self-education. Everything you would need to learn about real estate investing is free on the internet or through books. 

Also, you will be able to save quite a chunk of money being out there. Eliminate as many monthly expenses as possible before you leave. Put your belongings in a storage unit and get out of your lease to save your BAH. You should be able to save basically every penny you make out there and you will be ready to come back home and hit the ground running in real estate.