All Forum Posts by: Alek Truitt

@Jim Cummings that's exactly what I want. Its not the toughness of the bosses that bothers me its the level of micromanagement. Bring held to such a high standard is the best thing about being in the military it helps a lot of fresh out of highschool people learn how to be responsible. That said, they also treat everyone like we don't deserve any trust.

edit

 Thank you!

Hello, my name is Alek Truitt. When I joined the military I almost immediately realized this is not the life for me. I started looking into ways that I could make more money (don’t we all!), but more importantly have more free time and be my own boss. As anyone who has been in the military can tell you, you ALWAYS have someone telling you what to do, when to do it, how, where, and even with who you have to involve. I couldn’t stand the extreme level of micromanaging involved and soon realized that I want to be my own boss. While researching how I could do this I came across the idea of real estate investing and the more I have learned about it the more it seems like a perfect match for me.

As I have learned more about REI I have also realized that I already have a few connections and advice givers in the form of my parents, and In-laws. My dad has been in the construction business basically his whole life and before I was born he was an apartment manager. My Step-dad has worked in real estate for a while and even has a few rental homes (though I now believe he is going about it wrong and will be offering him advice when I next see him) and now works for the county dealing with land deeds. Finally, my father-in-law works in construction and is always talking to/about his friends who work in various fields dealing with construction. Long story short I think I am in a very good spot to starting investing in real estate.

As far as where I want to go with REI. I think I want the same thing a lot of people want in the end. I want to make money passively while pursuing whatever hobbies interest me that day. I want to make more money with less effort, after I get the ball rolling of course. I know it will take a lot of effort at first. At, the moment the main way I see being about to do this is with buy-and-hold rentals.

Sorry for my post being so long, but if you read the whole thing I thank you. If you did not read the whole thing then:

TLDR; Military member from Texas with family in real estate and construction related careers wanting freedom with rental homes.

I'm currently in the military stationed overseas and frankly this is not what I'm cut out for. I would love to get started in Real estate but I won't be coming home until late 2019. My wife and I want to get a multifamily home and live in one unit while renting out the others in order to take advantage of the VA loans 0% down payment since we don't have a lot of money to put towards a house. However, I don't want to wait another almost two years to get started. I have done a lot of research into this and I know I could make it work if I was in the States but unfortunately I am not. Do any of you who may have more experience have advice or recommendations on how I can overcome this huge starting hurtle?

A few answers to questions that I have seen asked on a lot of similar posts are:

Our end goal is to make at least $6,000 a month passively by the time we are 35, and live somewhere it doesn’t snow.

I do not plan on staying in the military, but obviously that could change depending on life.

I do know a few people who have a little experience in real estate and quite a few people who have extensive knowledge in every area of construction.

I am currently obtaining my bachelors in IT management and may get a job in that field to help fund this but I would prefer not to if possible.

Thank you in advance