All Forum Posts by: Peter Benson

@Frank Patalano I have been researching and reading bigger pockets books for awhile now. Sharpen the axe for 4 hours type thing. The biggest thing holding me back now is financing and the steps to get it. I've read all about the different types of financing, but haven't seen anything on when you should get it. Should I go out and find a deal and then find financing or secure financing and then hunt down a deal? Is it okay to back out of a deal if you can't find the right financing? Or is that a major faux pas in REI? sorry if this has already been covered, I have not read all the responses yet.

Thanks for the help,

 Thanks Elizabeth, I definitely plan on expanding the playing field. I cant get out there for a few more years so I was just curious what other investors are seeing in the area. 

Stas,

I dont think you will ever find yourself regretting spending two years of your time to get a MBA especially if it is in real estate. since you already have a couple units, it appears you know what your doing and probably could keep the REI going while your in school. just my .02.

I am in the Navy too, but I have a couple more years to go till retirement (4 yrs). I am looking at moving to Troy (near Clopay) and working on WPAFB. I have been scouring the different sites trying to get a sense of where to invest when i get out there. Where are you buying your properties? I was thinking Huber heights, but troy has some cheap properties that look like they have potential. 

Best of luck in all your future adventures. 

Pete

Thanks @Darrin Carey. Unfortunately I am in Virginia Beach for a couple more years so I cant make the meetings anytime soon. If I am out there for family visits Ill stop by and say hi if there is a networking meeting happening.  You said you started 5 yrs prior to leaving the service, does that mean you were able to avoid going back to a normal 9-5 job? That is one of my goals right now. 

Hey guys,

My name is Pete, I am currently active duty in the Navy stationed in Norfolk VA and I have about 3 to 4 years left till I retire. I am looking to learn as much as I can about REI so I can use my military retirement and REI to keep from having to go back to a desk job. Once I get out I am moving to the Dayton Ohio area and that is where I want to start my REI adventure. But while I am still in VA I want to get involved with as many REI groups as possible to find out what i dont know about the business (which is pretty much everything).

I have been a huge proponent of the Dave Ramsey program and doing it myself. That is a big source of personal conflict right now. I see the mathematical logic and sense in leveraging my house purchases, but I LOVE the amazing feeling of not owing anybody anything!  that is something I am looking to get guidance on as I move along. 

Thanks in advance to all of the amazing people on here helping out. just in the couple days I have been on here I have learned a ton. 

Pete

Hi everyone, I am brand new to this site (literally..this is my first post) and I am looking to start REI out in the Dayton area. Problem is that I am in the military and wont be retiring for another 3 years. But I know that we are moving to Troy to be closer to family and Ill probably be working on WPAFB. So I am starting the process of getting educated now in hopes of jumping right in when I get out there.

I was thinking of targeting the area near WPAFB and going after military folks as they are always coming and going, all needing housing.  does that make sense or is that too narrow of a field to focus on.  

I have a million questions, but for right now I am going to keep reading and learning so I can actually ask educated questions vice "how do i make money in real estate?" haha. 

Thanks,

Pete