Why I Stick With Military Rentals.

[Account Closed]

Many of you may not know that the United States Military is only made up of 1% of America's population, with thousands of service members spread across the country and the world. For those who join it's a path to a career, an education, and maybe retirement, while many things are paid for by the government such as health insurance, not all bases have the ability to house their members on base. This lack of on-base housing forces members to have to buy or rent within the nearby area of the base. This is the perfect opportunity for any Real Estate Investor, no matter what your style of investing is. Military bases themselves are not built in the nice parts of town, they are built where land and property values are cheap, leaving the housing around the base to be an investors dreamland. Now not all bases are like this, there are few exceptions like Vandenburg AFB  and Travis AFB in California. The market trends around military institutions usually do not tend to follow national market trends, even if they are a few hours from major cities, this makes buying properties in bulk a lot easier and keeps your cost of rehabbing them low. I tend to identify properties that are within 10 miles of the base, as they offer the best chance of producing military renters and buyers. How do you get them to bite? You list your property on the base that is closest to your property, most military members get a week or two to identify where they buy or rent, they tend to be long-term with the ever so often deployment. Now I know most of you are thinking "Can't the military break their lease whenever they deploy or get orders?" The answer is yes they can, but in most cases, for every one member that leaves another is showing up to take his or place, often a rank below or equal to the service member who just left. With renters, you will want to do some research on deployment cycles and BAH (basic allowance for housing) they get this as an added amount of pay to cover rent/mortgages. With our homes we make the members write down the name and number of their supervisor, first sergeant, and commander in the event they damage the homes or don't pay rent. They rent one is fairly uncommon as they get paid on the 1st and 15thof every month no matter what, unlike other job markets the military will still get paid, no matter what the economic impact of the rest of the country. I can go on for days about why anyone should start shifting their money and focus on military communities, I am always available to speak to about opportunities in the areas where I work. If you have any questions feel free to respond I will also be hosting an event in Dallas TX (Real Estate Networks and CIgars). 

Look forward to your comments.