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Updated almost 10 years ago,
Military bases buy-and-hold strategy
I am doing some research on buying SFRs/2-4 plexes near military bases and listing on military websites. Here is kind of the baseline for what I would like to capture. Is this too much, and is there anything I am missing, and can anyone suggest locations across the country that fit this bill? Not opposed to buying in PR, Guam, HI, etc...
-Within 15 minute commute of a military base that are large enough to not be shut down
-Preferrably in a known/recognized community the military folks lived last year, and the year before, etc (eg. MacDill AFB in Tampa = South Tampa hotspot to buy in - but low cap rate)
-Neighborhood should be 50% rentals or less?
-Class "A"
-Rating on greatschools.org 9 or 10
-Cap Rate at least 8%
-Must have several other large employers in town with strong transient (consultant?) workforce
Any advice is appreciated. PM me if you offer such services in your local market.
Thanks!