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Updated about 6 years ago on . Most recent reply

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Rental Property Investing in the Military

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I understand when starting with rental properties, one preferably wants a rental property that is near them for the ease of management.  Being active duty in the military, I move around every two to three years.  Is there an effective way to build assets and wealth all while being forced to move state to state every few years?  Suggestions and advice would be much appreciated.  I have read "Rich Dad Poor Dad" by Robert Kiyosaki and "The Book on Rental Property Investing" by Brandon Turner.  These books have motivated, and I'm anxious to take a swing into this new profession. 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Christopher Rivers I served for 21 years and wish I had done this. The most important thing to remember is that you have to buy smart investments. Buying a single-family home for yourself rarely makes a good rental. You need to buy a property that makes a good investment which means you may be sacrificing some of your personal needs/wants in order to make it work.

If able, buying a duplex, triplex, or four-plex would provide the best bang for the buck and make it the most affordable to maintain even after moving and hiring a property manager.

  • Nathan Gesner
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