How's it going BP community?
My name is Kevin and I am 26 years old from Paso Robles CA and this is my first time posting a forum in the BP community. Actually, this is my first time ever posting on a public forum. My passions are traveling, camping and fishing. I've been to several different countries and plan on adding more to my list. I would say that my favorite memories of traveling were when I got the opportunity to be an AFS exchange student to Norway when I was in high school. I have to say that it changed my life.
I've been serving in the Air Force for almost 7 years as a meteorologist. I plan on doing my 20 years and retiring (hopefully financially free and never work again). I've been stationed in a few different places. My first station was Joint Base Pearl Harbor-Hickam and was there for 3 awesome years. I was then sent to Fort Hood TX, where I am currently living. I've been deployed to Afghanistan and I am currently on a deployment to the OIR area (for security reasons I can't say where I am at on a public forum).
I've made it my goal to learn something new on every deployment. My first deployment I got in the best shape of my life as well as finished 3/4 of my bachelors degree, which I finished shortly after I got back. On this deployment I read Robert Kiyosaki's book, "Rich Dad Poor Dad". This book got me thinking about the importance of financial freedom and helped me look at money in a different way. I went ahead and read the rest of Robert Kiyosaki's books, "Increase your Financial IQ" and "Cash Flow Quadrant". I also read Brandon Turner's book on "How to Invest in Rental Properties" and "How to Invest With Little or No Money Down". I have about 6 or 7 more books I would like to finish about real estate investing before I return home and have 100 different distractions.
I am currently looking at buying a Quadplex in the Killeen area with my VA loan and house hacking one of the units. I found one quadplex that will give me over a 50% cash on cash return and $100 a door even with no money down. I am putting an offer on it now. Unfortunately, I didn't realize how hard it would be to find deals while being deployed but that hasn't stopped me from putting in offers.
From everything I learned since I've been on this deployment the most important thing I learned was from Napoleon Hill's book "Think and Grow Rich" which was to write down your goals and look at them everyday. Well, I wrote down my goals and it is to produce $50,000 of cash flow in 5 years through buy and hold multi-family real estate and house hacking. I believe that this goal is achievable and I have even higher hopes of achieving it after I read the "7 years to 7 figure income".
After I return from my deployment I will be moving to the Frederick MD area at the end of the year and I will be looking at investing in that area when I am settled in at my new assignment at Camp David. I have been looking on Trulia.com and Realtor.com to research the markets around that area. It seems like a tight market to invest in so if you have any advice for investing in that area I would love to hear it. I am excited about my real estate investing adventure. Let's do this!!!!
