Market Investor Looking into Real Estate! (from Dayton, Ohio)

[Charlie Cameron]

Hey everyone!  I'm Charlie Cameron.  My only background in real estate is owning my first house, which I currently live in.  BUT I spend much of my free time working on stock market investing online content, blogging, and online courses.  Recently a friend brought up a bunch of the advantages of real estate so I've been running the numbers and educating myself as much as possible!  I've listened to 15+ BP podcasts in the last week alone... I sat through the webinar last night as well. 

I've been building a spreadsheet to compare a specific real estate investment to the S&P500 over 30 years.  Super fun exercise... I've spent 6+ hours on it and hasn't felt like work!

It seems too early to tell, but since my wife and I are both active duty military I think that good deal rental properties - likely multifamily for the better margin - is what may suit us best.

Since we move around every 4 or fewer years, the hardest decision to make is WHERE to invest.  Dayton seems decent, especially around the Air Force base properties rent and sell immediately.  But I just don't know about owning multifamily properties in downtown Dayton (where most are) and then moving away in about 2 years from now.  Perhaps in that time frame I can build the team I need with the right property managers to make it happen?  Thoughts?

[Darrin Carey]

@Charlie Cameron I did a similar spreadsheet 15 years ago. It was an interesting exercise. Of course, I ended up all-in on Real Estate.

You CAN succeed by investing now, even knowing you will PCS in a couple years. You have a HUGE advantage by being here while you get started, instead of trying to do it from a distance. Two years is a lot of time to build a solid team, and get some deals under your belt, and a have a good portfolio started.

There is a local monthly meetup posted in the BP Networking events. It'd be a great place to start getting to know local investors, and even find some team members. Dayton Real Estate Investing Meetup.

I've been investing in Dayton for over 10 years. If you want to chat about the local market, feel free to give me a call.