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Updated about 5 years ago on . Most recent reply

User Stats

31
Posts
36
Votes
Frankie Lesowske
  • Rental Property Investor
  • Bend, OR
36
Votes |
31
Posts

Military or civilian investing

Frankie Lesowske
  • Rental Property Investor
  • Bend, OR
Posted

Right now I'm in the military so I have multiple opportunities in the future. The next place I have orders to is in Southern California where I will be for 1-2 years. 

I am looking for some guidance on what others would do. 

1. Stay in the military. Keep a steady job and have multiple properties in multiple states?

2. Get out. Go to college? What are some recommended degrees that apply to real estate and finance?

3. Get out and push towards being a real estate agent?

Current locations to invest would be:

1. Invest in Bend Oregon. My recent post explains so pros and cons.

2, Invest in California.

3. Invest in Las Vegas.

4. Or the last option which be to invest long distance how @David Greene's book explains.

I save 50% of my income, don't have any debt, and can go to college with my GI bill. 

Any advice would be much appreciated.

Most Popular Reply

User Stats

435
Posts
350
Votes
Charlie Cameron
  • Investor
  • Niceville, FL
350
Votes |
435
Posts
Charlie Cameron
  • Investor
  • Niceville, FL
Replied

Hey @Frankie Lesowske!  Just a few thoughts for ya:

  • You don't need a college degree to be in real estate.  GI Bill is good - I have a hard time understanding why people go get additional student loans just to pay more back.
  • You don't have to be a real estate agent to invest in real estate.
  • I'd also caution against just jumping ship to be a full time agent when you can do it part time (me) and transition to it.  Then you can figure out if that's what you want to do before you bail out of the military.
  • Duty locations will vary greatly in what they offer for real estate.  When I was stationed in Ohio I bought 24 apartments because it was affordable.  Now what I'm in Florida Panhandle (Eglin/Hurlburt AFB, Destin), prices are higher and multifamily is fewer.  So I pivoted and got my license to help other military families and investors in the area.

Go out there and crush it!

    • Charlie Cameron
    business profile image
    The RAL Room Assisted Living Mastermind

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