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Updated almost 10 years ago on . Most recent reply

User Stats

19
Posts
2
Votes
Eric Urioste
  • Active Duty Air Force
  • Albuquerque, NM
2
Votes |
19
Posts

Financial Independence

Eric Urioste
  • Active Duty Air Force
  • Albuquerque, NM
Posted

Financial Independence!

Hi! Thanks for taking the time to read my post. I'm an active duty sergeant in the USAF. I'm currently stationed in Tucson AZ, but I'm originally from Albuquerque NM. I should be retiring from the AF in Jan 2017. So- I've been saving for a while now and have built up a decent fund that I can use for investing, starting a business, something, when I get out of the AF and settle down somewhere. I'm looking at either returning home to Abq NM, or moving to Dallas TX. I'm looking for a mentor, someone who is already financially independent, someone who's self made and knows how to get from where I am to where he/she is financially. Like I said, I have some money set aside for this next chapter of my life. I'm just not sure where to start? What books to read? I'm not sure if I need to use my money or if there are ways to get into cash flow properties without using my own money? I'm not sure if I should focus on a duplex, triplex, 4plex, mobile home park, etc....? Any knowledgeable mentors out there looking to teach, I'm ready to learn!

My thoughts/ideas:

Use my VA to get into a 4plex with 0 down. Rent 3 units and live in one IF the 3 cover the mortgage and other expenses. Use my money to invest in another 4 to 6 unit rental and hopefully generate some cash flow after all other expenses are paid. My goal is to generate monthly income through investment properties and add that to my retirement from the AF to pay for my monthly expenses and become financially independent. If I'm dreaming, let me know... lol

Again, thanks for reading and I'm looking forward to your comments!

Thanks!

v/r

Eric H. Urioste 

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