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Updated almost 8 years ago,
Market Investor Looking into Real Estate! (from Dayton, Ohio)
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?
- Charlie Cameron