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Updated about 8 years ago,
Best Army duty station to PCS too for best market?
Hi BP!
I'm directing this discussion to all military people and anyone that lives near or around bases with great investment opportunities.
I am a younger enlisted soldier. Airborne infantry. Soon to be heading to my next duty station in 10 months. I have no idea where I am going, I have some options put down but have not heard back from branch or received my orders. The top of my list was fort Carson, Colorado but the market there is really expensive from what I see. I need something smaller to invest in with what I have.
So what duty station should I call branch and try to get??
I'm planning on using my VA loan to purchase 2-4 units. Of course this will be my first investment and it will be a huge learning experience for me. So i prefer to start with a duplex but if more comes my way for a good deal, I'm ready to take that on and get more cash flow for me.
During this time I will be renting out the other units while living in one unit (typical house hack). Then collect what ever BAH I receive and build that up over how ever long I am there. To finally sell before I ETS so that I'm able to get the paid off part of the loan also.
So essentially I should have built up over my time there: 1. Cash flow, 2. BAH, and 3. What ever is left after I pay the loan back.
Any advise??
Thank you!