My Path of How I Got Here

[Alexander Holmes]

Hello everyone. I'm Austin. But I'm from Jacksonville. And live in San Diego. 

Hopefully someone got the Austin reference. I've never been there though.

So being from Florida I hate the cold. More power to all of you up north. I have been there and am good with sticking to tropical islands for vacations. Which happens to be one of my goals. I grew up in Florida and then North Carolina and then Florida, graduated from Nease High School and then UCF in Orlando. BSBA with a focus in Entrepreneurship. Then I did what any normal person would do...I joined the navy, more specifically Naval Special Operations. That's what they told me at least, still mostly paperwork, God Bless American bureaucracy. I wanted to serve before I was too old or I probably would have regretted not doing it while I could.  

I wanted to buy a house early in my naval career because I knew some of the financial benefits of it from growing up and school. Math! Unfortunately I had that most costly of relationship setbacks, so my first home was delayed somewhat. Fast-forward two years. One home bought, not quite paid for, like I said I live in San Diego. I see that not as a bad thing, just an expensive one.

Home details. House Hack. Partly on purpose but I could have done better.

Purchase 567000

Loan 579000

Current Est Value 632000

Rate 3.375 

PIE 3192

Roommates Rent 2600

BAH 2500ish

So it's not hard to make ends meet. And I recognize I know what I pay, but not what I make. Funny.

I have one private lender who wants to do a deal. Somewhere around 200-300 cash. 

I have one co-worker who wants to partner on a multifamily.

I have one friend who is a mutual newbie REI (great store btw).

And I want to look at house hacking (FHA or Refi current and reuse VA?) a multifamily sometime after OCT 2017.

I have two realtors I like, but I don't believe they are too savvy on the investor side.

Also have two general contractors in my hip pocket. And my dad is an architect, yey free plans.

I have about 2000/m saving rate outside of TSP(401k), 25000 cash, 25000 credit, and no debt outside my mortgage. Next step?

The brief version of my goals.

Never work a job after the navy. Except maybe contracting, at 350k a year it sounds pretty good.

Create 8000/m cash-flow in the next 3 years.

Fully "passive" income before 40.

Travel to the countries the Navy hasn't sent me to.

Eventually give 90% away. (J.C. Penney)

I would love to meet whoever wants to talk, teach, pay, invest or just have a beer with me.

I really just started learning towards the end of last year, but I am addicted to information.