New Member Seeking Advice

[Nathan Doherty]

Hello all, 

 My name is Nathan Doherty and I'm new to BP. I've been interested in real estate investing for quite some time and have been doing some research and I'm leaning towards starting off with buying a multi family home to live in while renting the other units out. I'm active duty in the Coast Guard and will be moving to New Orleans in November of 2017. If anyone knows anything about the market there and/or can speak about this method I would love some input! All responses are welcomed! Thanks ! 

[Matt Crusinberry]

I can't speak to the area, but I can speak to BAH and BAS and what the investor community calls "House Hacking." I recommend that you read the different blogs, the posts questions, and watch every video you can about real estate investing on here. I don't know that the coast guard offers these incentives for being active duty, but nonetheless you can't go wrong taking this route (if you read and learn the best ways to execute the investment part of the strategy). 

In regards to purchasing a duplex/triplex/quadplex as your first investment, I highly recommend it. You are on the brink to greatness, if you stay with it. I did not take this route while serving in the military, but you'll find that you can pay for an investment on the government's dime. You get to double down on the funds via the gov. and the tenants. I doubt that you'll see much deployment time, being in the coast guard and all (not that familiar with the coast guard down range; i.e. IRAQ, AFGHANISTAN, or SYRIA), but I'm sure they give you some kind of living stipend/expense for being gone or deployed (away from home). Good luck, and keep the questions coming, because there are a ton of people on here that have a vast amount of knowledge. Do your own research to make sure you're on track and continue to ask questions if you can't find what you're looking for. Good luck to you...