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Updated over 1 year ago on . Most recent reply

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Gabriel Meyers
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Where to find deals

Gabriel Meyers
Posted

Hello there, I am looking for where to find deals at. I have been analyzing for about 1-2 hours a day and no property’s seem to work for long term rentals.

I am looking at buying to live/renovate it for 1-2 years then long term rent after that. I am in the military so my end goal is to end up buying a property evry time I get stationed somewhere else (evry 1-2 years) 

I don’t need to find something that is going to have huge cash flow just enough so that I feel safe that I won’t be loosing on my investment. any information or advice would be much appreciated 

Most Popular Reply

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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
796
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1,283
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
Replied

Welcome to BiggerPockets!

I'm active duty Air Force and used my VA loan multiple times.

I lived in areas with strong rental rates and communities that most military move to.

I would recommend shifting your strategy to find these communities, even if it’s a new development where the numbers work for a rental (after you PCS).

Real estate investing is a long game and the properties, if purchased in the right area, will appreciate and rent will be strong.

If you’re looking to mitigate risk, this may be something to consider.

All of my properties have strong rents though I’ve only had one military family in them in the past six years.

I wish you all the best.

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