All Forum Posts by: Eva Arnold

@Gilbert Dominguez, that is a very intriguing idea -- three buddies entering into a partnership and buying a 6 plex. It does require a lot of cooperation but given the right circumstances could really work out well.

Andrey, that is really amazing! $300K in equity after four years is terrific! Congratulations! I agree that it seems tricky to invest while serving on active duty on 1-3 year assignments; my suggestions would be mainly geared toward someone who has gotten out and is investing as a veteran.

Wendell, that is amazing and inspiring; however, I must say that 'creative real estate investing' sounds a little scary and risky, not gonna lie. I know it takes a heck of a lot of know-how and hard work, not just $1,000 in your pocket to start -- so congrats!

I really appreciate all these helpful comments, thank you!

I forgot to mention I work part-time on the side with a real estate investor who does tax prep and bookkeeping for other real estate investors. I've been doing taxes for her clients since January. So let me know if you have a tax question; I really do enjoy tax research.

Eva 

Thank you, Alex!

I know several military members who own rental properties. They're all 'lifers,' i.e. people who stay in the military till retirement, and for the most part they do very well.

My question is about a kid who serves four years in the military and then gets out of the military with $50,000 in his or her bank account.

I guess it's kind of a silly question because obviously someone with a good self-education could take $50,000 and put it down on a fix-and-flip, and stand a decent chance of making some money off of it then going on to the next investment.

Such a person would have free college + a small living allowance from the GI Bill, so could be finishing up college, maybe working part-time too, but devoting most of his or her time out of college/work to real estate investment.

Hello everyone,

A young person could join the military right out of high school and save up $50,000 during a four-year hitch.

Assuming that young person did a lot of self-study on real estate during his or her military service, could this person get out as a 21-22yo and use that $50,000 to invest successfully in real estate, such that maybe in 10 years or so that person could achieve financial freedom? If so, what are some general thoughts on the path such a person would take?

Thanks so much in advance for your replies. I am an Army veteran and wish I'd been smart about finances; one of my friends saved $100,000 during a five-year enlistment. 

I'm working on a little book urging young people to consider other options besides going to college straight out of high school and racking up student loan debt.

I don't have much to offer in return but I am a licensed CPA and could try to answer any basic tax questions you have. 

Very Respectfully,

Eva