All Forum Posts by: Eric Urioste

I'm curious, I have 2.5 acres that are bought and paid for but are currently residential. I'm interested in changing the zoning so that I can use them for outdoor RV & Boat storage. I'm in the Air Force and not living in the local area where my land is located. So I was thinking this could be a good way to get some income from something I already own... Any thoughts or suggestions?

Thanks!

Eric

Thanks fellas! I've been trying to look at loopnet.com but I keep getting an access is denied page?? Is that site still active?

Thanks!

@Ryland Taniguchi

I like the idea of JV to build and sell! Know any contractors that would be interested in investing?!

Interested in buying a self storage facility. I was wondering if anyone knew a good website or broker to look for a  property? I'm interested in the Tucson AZ, North of Dallas TX, and Albuquerque NM areas. Also, anyone in these ares that is involved with this type of investment I'd like to connect. 

Thanks!

@Jeremy Tillotson

My land isn't zoned for commercial, it's residential. I definitely wouldn't mind owning a storage facility someday, I think those types of investments produce a large cash flow. But then again I'm just speculating.... 

Thanks for commenting everyone! @Patrick H. I'll be honest, I'm not set on any one type. I'm looking at everything and anything as long as it will pay for itself and make me a nice monthly income. I'm just trying to acquire income producing assets that I can add to my retirement pay to cover my monthly expenditures. I'll still continue to work, but that money will be to buy more assets. At least that's the hopeful idea in my head! haha... Have you done well with mobile home parks? Are they expensive to get into? By the way, I just finished reading Rich Dad Poor Dad. Good read! I'll check out Millionaire Real estate investor by Gary Keller. I'm deployed right now so I'll see if I can get it ordered and sent here.

@Carrie and Will, thanks for your inputs! And I'll check out what the site has to offer. As for what I want out of this. To make money and be financially independent! haha.. I'll do it full time if it's working, or just on side if I NEED to work. Silent and watching your money grow sounds good too Will! haha... 

I own 2.5 acres free and clear, except for the annual taxes of course... But I'm wondering if any gurus out there know or have any ideas as to what I should do with it to make the most profit from it?? I was thinking about placing one of those modular homes on it that look like a real house and not a mobile home? Could I make more if I did this? Or would it even be worth it after the added cost of the modular home? Currently there's nothing but weeds... Any ideas how I can make money from land I already own is appreciated!

Eric

Financial Independence!

Hi! Thanks for taking the time to read my post. I'm an active duty sergeant in the USAF. I'm currently stationed in Tucson AZ, but I'm originally from Albuquerque NM. I should be retiring from the AF in Jan 2017. So- I've been saving for a while now and have built up a decent fund that I can use for investing, starting a business, something, when I get out of the AF and settle down somewhere. I'm looking at either returning home to Abq NM, or moving to Dallas TX. I'm looking for a mentor, someone who is already financially independent, someone who's self made and knows how to get from where I am to where he/she is financially. Like I said, I have some money set aside for this next chapter of my life. I'm just not sure where to start? What books to read? I'm not sure if I need to use my money or if there are ways to get into cash flow properties without using my own money? I'm not sure if I should focus on a duplex, triplex, 4plex, mobile home park, etc....? Any knowledgeable mentors out there looking to teach, I'm ready to learn!

My thoughts/ideas:

Use my VA to get into a 4plex with 0 down. Rent 3 units and live in one IF the 3 cover the mortgage and other expenses. Use my money to invest in another 4 to 6 unit rental and hopefully generate some cash flow after all other expenses are paid. My goal is to generate monthly income through investment properties and add that to my retirement from the AF to pay for my monthly expenses and become financially independent. If I'm dreaming, let me know... lol

Again, thanks for reading and I'm looking forward to your comments!

Thanks!

v/r

Eric H. Urioste 

Hi! I'm new to the site and would like to meet some like minded people in my local area, Tucson AZ. I don't know the area very well when it comes to investing, I'm not from here. I'm in the Air Force and stationed at DM, I'm originally from Albuquerque NM. Currently I'm renting an apartment, but I'd like to buy a 4plex or I guess I should say an investment property that I can live in, as well as make it work for me at the same time. I've read this is possible..... haha

Thanks! Looking forward to meeting some investment gurus!