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Updated about 2 months ago on . Most recent reply

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Henry Clark
#2 Commercial Real Estate Investing Contributor
  • Developer
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3,862
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Navy San Diego Rental Property Agents

Henry Clark
#2 Commercial Real Estate Investing Contributor
  • Developer
Posted

My son is looking to move to San Diego with the Navy as an E5.  He will know within a month. Looking for both Real Estate Agents in that market and fellow Military who do RE investing there.  He will get around $3,100 tax free Base housing allowance and will have $150,000 he can put down.  

Say he stays there 2 years minimum and then sells the property for what he buys it.  He will pay sales commission but get his BHA back and have lived for rent free.  Possibly get a second BR/BA he could rent out also.

1. Are there any Military REI facebook groups for San Diego investing?

2.  Any recommended RE agents in that market?  If you haven't worked with Military on the above types of deals, please don't reply.

3.  Can be a house or nice condo plex.  5 to 15 minutes to base.  Nice area for young people.  Community that will not lose value, but possibly gain.  Amenities in the area.  Restaurants, trails, great place to live, etc.  Ready to move in.  No Fix/Flip.

4.  2 Bed/2Bath, patio, parking- preferably designated,  Near base, but out of the way, not on congested street frontage.

5.  What local bank or credit Union (Navy possibly) do you recommend he goes with?  Lowest costs since he would be selling in 2 to 3 years.

6.  Any other angles to play using BHA allowance, or other military benefits?

Thank you.

  • Henry Clark
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