All Forum Posts by: Ian Morales

@Ian Morales If you plan to use your VA loan, you must intend to live in the home for at least a year. Where are you currently living, and will you be moving after deployment?

To answer your question, I would take the time right now and while on deployment to build up your knowledge and start networking with folks on FB and the BP forums, depending on your connectivity while deployed.

Why do you like PR and FL? There's nothing wrong with those markets, but I just want to see how you decided on those two markets.

Thank you for the advice!

Currently I am stationed in Camp Pendelton, and my EAS will be around 4 to 5 months once I returned from deployment. I plan to move back home to Puerto Rico (which has multiple incentives for investors) or Florida.

My plan is to be a full-time real estate investor but, I would need to find a decent stable job until I can generate good cashflow.

The reason I like PR and FL is because I have lived there and know the areas with potential for REI, I am also close to relatives. I am opened for long investing, but I think is safer to start close to what you know.

1 Vote

Quote from @Gregory Schwartz:

@Ian Morales Semper Fi.

I purchased my first duplex as a long distance rental in Hunstville, AL. I actually closed on the deal while doing MEU work ups off the coast of South Carolina.

Would I do it again... nope.

During my MEU I read books while everyone played RDR. After countless podcast and 30 ish books I was in a much better position to invest. It also helped that my bank account was flush with cash.

4 years later I have 24 units. The only investment I've ever sold is that first one in Hunstville.

If you have any more questions I'd love to help. Feel free to DM

Thank you for the advice! I will definitely invest my time wisely and save as much as possible.

Hope the best for your businesses. Thank you for your time!

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Quote from @Josh Shaughnessy:

Quote from @Jaron Walling:

@Ian Morales Do not buy real estate yet.

Wait until you're stable and planning to live in place for 3-5 years. When you're deployed can you read books? I would read and get into the weeds on market research. You could come back to the states and be 2X more knowledgeable on SFR, BRRRR, or small multi-family deals. Avoid risks!

From the looks of your skill/knowledge level, this sounds like the best route to take. Additionally, deployment will allow you to save up money (go to the gym, eat at the dfac, don't waste on stupid **** you don't need) and be financially better prepared to pull the trigger when you get back.

Thank you for the advice! I will definitely invest my time wisely and save as much as possible.

Hope the best for your businesses. Thank you for your time!

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Quote from @Jaron Walling:

@Ian Morales Do not buy real estate yet.

Thank you for the advice! I will definitely invest my time wisely and save as much as possible.

Hope the best for your businesses.

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Hi everyone!

The reason of this post if for advice. I would like to make first step and make a deal, but I will deploy on Jan 2024. I like to know if is wise to wait and keep developing knowledge about real state or take a risk and network with people that can take care of the property on my absence.

I'm interested on:

-Multifamily with a VA loan.

-Short term rentals

-Single Family

Preference location Puerto Rico or Florida.

Thank You

0 Votes

Quote from @Abel Curiel:

Thank you for your service & welcome to BiggerPockets, @Ian Morales!

Multifamily investing with VA loans is a common start for people looking to begin growing a portfolio.

It is a solid strategy for gaining acquisition experience, project management experience and property management experience.

For gathering more information & knowledge, I'd recommend checking out BP's Free Webinars.

All the best to you on your journey!

Abel

Thank you for your reply Abel! I will definitely get into those webinars.

1 Vote

Quote from @Ryan Fox:

@Ian Morales- Welcome!

Thank you!

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Thank you for your reply Abel! I will definitely get into those webinars.

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Hi! I'm Ian, an active-duty US Marine stationed in CA.

I'm committed to learn and start my journey in real estate investing. My locations of interest are Florida, California, and Puerto Rico. Currently, I'm gathering all the information and knowledge to set a focus on my investment strategies, my favorites being:

-Multifamily with VA loan

-Airbnb Arbitrage

I hope we can network and help each other grow our businesses. Thank you!

0 Votes

Hi! I'm Ian, an active-duty US Marine stationed in CA.

-Multifamily with VA loan

-Airbnb Arbitrage

-House Flip

I hope we can network and help each other grow our businesses. Thank you!

2 Votes

All Forum Posts by: Ian Morales

Ian Morales has started 6 posts and replied 20 times.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum

Ian Morales has started 6 posts and replied 20 times.

Biggerpockets Logo Post: Buy before or after deployment.

Biggerpockets Logo Post: Buy before or after deployment.

Biggerpockets Logo Post: Buy before or after deployment.

Biggerpockets Logo Post: Buy before or after deployment.

Biggerpockets Logo Post: Buy before or after deployment.

Biggerpockets Logo Post: Introduction to the forum

Biggerpockets Logo Post: Introduction to the forum

Biggerpockets Logo Post: Introduction to the forum

Biggerpockets Logo Post: Introduction to the forum

Biggerpockets Logo Post: Introduction to the forum

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Buy before or after deployment.

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum

Post: Introduction to the forum