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Updated over 4 years ago,
Buying a multi-family complex
Hello everyone, I currently just started thinking about owning a multi-family complex for around 10-20 units. I want to buy property around Fort Campbell which is in Clarksville, TN because I know Soldiers get BAH and the area will always have personnel flowing in and out. Can anyone give me some advice on what to research? I'm completely new to this and would like a long term investment for retirement purposes. Should I use the VA loan to purchase the complex? My plan so far since I'm still in the service is to hire a PM because I will be out of state. I have ten years left before I can retire from the Military, and would like have the property close to if not paid off for before I retire to have consistent profits. Is this plan even reasonable? I plan on buying if everything works out within six months. Thanks for any information you can give.