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Updated about 1 year ago, 12/18/2023
On deployment for 2 years looking for advice on what to do when I get back
Hey all,
Getting ready to Mob here in the next few days for the next year only to come back and mob with my brigade for another year. expecting to net roughly 120k over the next few years just from the army and roughly 10k from current investments. I plan to come home in 2026 with money, an ideal set for entrepreneurship, an MBA, and a drive to get on active duty from guard. I'm looking for advice on how I should go about growing my portfolio or if I should just wait until I am done with the army forever. I wouldn't mind making it a 30 year career already at 10 so... I also have a 4 plex outside "The Great Place".... and some in Indiana. the total cashflow for the portfolio this year is negative due to capital improvements but rolling into next year and the mob will be cashing 700-1000 a month and currently has 300k in equity of which 200k is accessible via heloc when I get back due to prior 4-year-old bankruptcy. wife is also getting a second job to save a little extra and pay off 30k debts from college and capital improvements. she brings in enough to have it paid off in 6 months currently but doesnt work very much and is starting to get bored and nervous about money and life and needs something to do.
I'm looking to see how other people would grow what they have in my shoes. I feel like the best I could do is flip 2 hold 1, flip 2 hold 1... etc etc... or just dump all the extra money into downpayments on 150k dueplexs and make like 25000 additional income in rents a year which doesnt really seem worth the return to me....
My goal is to come home and either focus on my military career and try and make ltc in the next 10 ish years while investing in real estate or gtfo and quite my civilian job and figure out real estate full time.
best,
Marc Globensky