New investor in military

[Nathan Brinker]

So i have been learning as much as i can about real estate investing for about a year now

i joined the navy in september 

Im only a E3 right now so i make little money

Ive been trying to put most of it in to savings and my investing fund

im split between single family and multifamily

I do not have to to manage it my self for what ever i choose. I hope get my first deal this year

Realistic  i will only have the money for a single family home for the first deal. I know that multifamily is what i want to get into eventually 

Whats some advice i can get to acheive my first property

Thanks

[David Pere]

@Anthony, I think the vast majority of service members buy a house, not an investment. That is a very important distinction. I currently own 13 rental units in Missouri, and I have not been stationed there since 2016. When I left, I only owned (2) rental units, and all of those were purchased from afar, some sight unseen. It is very doable, but must be done in the right way.

@Nathan, the bottom line is this. Buy as an investment, and buy intelligently. There are ABSOLUTELY risks, but depending on your risk tolerance, and cash reserves, that won't stop you.

I would say that you spend some time learning everything you possible can about real estate investing and networking with everybody you possibly can. Save as much money as you can, invest in your TSP (at least 5% to get your matching contribution) but I would recommend a lot more...your TSP counts as cash reserves for mortgage brokers, and makes for a wonderful emergency fund for rentals...plus you can roll it into an SDIRA down the road and invest with it as you see fit.

TL;DR - Lots of opportunities, learn as much as you can, build a solid financial foundation, and take action!