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Updated over 6 years ago on . Most recent reply

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Derek Bell
  • Chicago, IL
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Real estate flipping starter kit

Derek Bell
  • Chicago, IL
Posted
Im 20 years old and want to start planning on real estate investment/flipping any advice on how i can start today im in the navy as well have 3 1/2 years left in the military.

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Elizabeth Colegrove
  • Hanford, CA
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Elizabeth Colegrove
  • Hanford, CA
Replied

My husband is active duty navy. We are buy and hold investors and have done very well in the transient military lifestyle. While there are definite downsides, there are many amazing benefits that being in this lifestyle provides! 

We were able to use personal properties to get our foot in the door. We used 0 down Va loans (2 because we split it). Our first was a fixer upper. We fixed it up and rented it. One could have sold it and made a nice profit.

In your situation, you could buy a personal property fix it up, rent out the rooms and sell it when you are transferred. This would allow you to flip under favorable conditions. There are tons of thoughts/strategies. 

If I can help let me know! Good luck

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