Experiences of a "Relatively" New R.E. Investor (military member)

[Frankie Woods]

Hi all, 

I figured I start a forum post detailing my experiences as a new-ish real estate investor.  I've written a couple of blog posts, but it may be better to use the forums as well to generate some active discussion.  At least that is my hope!  Look forward to hearing all of your comments, criticisms, etc.

[Chance Cooper]

@Frankie Woods Love the post! I am also in the Military currently deployed here in the great land of Afghanistan. After this deployment I will be in position to pay off my first rental property completely (rents for $850)...I know its against some of the rules on this site, a lot of people like to never pay off their homes and use the leverage system.

I just want one house completely paid off and the others I will put down the 20% or VA Loan and then just start buying them back to back and building my portfolio. For me there is just something to be said about having at least one home paid for in full. It helps me sleep better at night especially with 3 kids and a wife. Security, Security, Security...

I own a home at Fort Bragg NC, I was thinking about moving out of that house after this deployment and renting it out, then buying another house in that same area utilizing my VA Loan. What do you think? This would make 3 total properties I own with one being completely paid off and its being rented at $850 a month.