All Forum Posts by: Hamp Lee III

I appreciate your desire to support military members. My father did the same prior to his passing as a means to support…as I’m active duty Air Force as well.

A lot of information can be found on public websites like MilitaryOneSource: https://installations.military...

If you want a STR, you'll need to work the numbers on opportunities that service inbound and outbound personnel.

With your son there and depending on his rank, you might be able to work a “quasi-house hack” and have him stay there as a LTR first.

I wish you all the best, but having that team on the ground is paramount.

Congrats on starting your journey for building long-term generational wealth. There are a lot of great products out there that can help you. 

@Joel Allen is a great person to link up with to talk about loan options!

I wish you all the best!

Exactly! America is a BIG country with a market written with your name on it! Start local and keep up your number crunching!

Welcome to BP!

If you have $32K available, are there other properties that are available that would fit your budget and have positive cashflow?

There might be few reasons to start with negative cashflow in my opinion. There are also a lot of loan products that can help you with a house hack…

There are other great deals out there…and I know you’ll be able to find it.

I wish you all the best!

Welcome to the world of real estate investing! One of the best things you can do right now is educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

I wish you all the best in your investing journey!

Pace Morby is in Arizona and seems to be extremely knowledgeable in the creative financing space. I've seen his show Triple Digit Flip and seems to be passionate about real estate. He also has an extensive video catalog on YouTube and following. Check him out: https://www.pacemorby.com/

I appreciate you sharing…with what you have going on, I would recommend passing on the duplex and focusing on your current one. There will be another deal that will come along when you’re in a better position.

You have an active “house hack” going now. Congrats for stepping out to build your long-term financial position. If you’re able to get a tenant soon, you can spend the rest of year getting settled and building your cash reserves. 

Have you run comps on the rentals in your area? You can use the BP rent estimator tool. Price competitively and market your property in multiple places online and locally. You can also contact a real estate agent who will look for a small commission, but may help you get a tenant faster.

I wish you all the best!

Welcome to BP!

With your desires for property management, you’ll need to earn your real estate license. I’ve received mine a few months ago and my knowledge of investing has helped a lot. I’ll share a few things that helped me along the way so far:

1. Train, Train, Train. Study, Study, Study. You’ll find that the information you study to pass your real estate exam doesn't scratch the surface of all you need to learn to be a good real estate agent and property manager. So, I would recommend going through your brokerage training (if they have one), read books, watch videos, and listen to podcasts.

2. Provide value to others. Posting on BP and sharing real estate information with your sphere of influence (and social media) is a great way to get started. It lets others know you're a real estate agent and property manager and you know what you're talking about. It's a great way to build trust and your leads. Believe me, people will reach out to you.

I wish you all the best!

Welcome to BP and the world of investing. One of the easiest ways for military to get started is using their VA loan to purchase a home at their current duty station and renting it out once they are reassigned. Then, at the new location, purchase another home using their remaining VA loan benefit, based on the entitlement remaining.

I’m active duty Air Force and have done this a few times.

I’ll share a few other points:

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

I wish you all the best in your investing journey.

Welcome to the world of real estate investing! One of the best things you can do right now is educate yourself. And you've joined one of the best communities for all things real estate investing.

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also read, Rich Dad, Poor Dad by Robert Kiyosaki

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/...

I wish you all the best in your investing journey!