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Updated over 7 years ago on . Most recent reply

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Daniel Basaldua
  • El Paso, TX
1
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5
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New Member from El Paso, Tx

Daniel Basaldua
  • El Paso, TX
Posted

Hello Bigger Pockets Community,

My name is Daniel Basaldua. I am from Dallas, TX. I am currently living in El Paso, TX. I am serving in the U.S. Army as a Patriot Fire Control Enhanced Operator/Maintainer at Fort Bliss. I have been in the army for 3 years. I have a wife and two sons. I am also going to college for a Bachelors of Arts in Accounting.

I found out about bigger pockets through my Lieutenant when asking him what books to read about real estate investing. I am reading The Book On Rental Propery Investing by Brandon Turner. I am a beginner in real estate investing. I am looking to buy and hold single family homes and multifamily homes. My goals in real estate is to achieve create wealth for my family and create cash flow. 

I am excited to be apart of this community and looking forward to talking to some of y'all.

Most Popular Reply

User Stats

35
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13
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Justin Webb
  • Investor
  • Kansas City, Missiouri
13
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35
Posts
Justin Webb
  • Investor
  • Kansas City, Missiouri
Replied

@Daniel Basaldua Keep in mind, this is only my recommendation. At the end of the day, you are the investor and should make decisions that you feel comfortable with. It is possible to own rentals and be located half way across the world. I do. However, I would continue to learn the ins and outs and start conducting research in the city your next assignment is located. That way you can pull the trigger and have time to learn about the property before you purchase and after you purchases. It is inevitable, that the Army will PCS you again, but you will be more adverse by that stage and feel comfortable about owning an out of state rental. Besides, six months will allow you to save for a little more as a contingency. You can use your VA loan to purchase a quadplex 0% down and live in it during your next assignment. While the other 3 units pay your mortgage, it will provide extra that you can save to buy more properties with.

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