All Forum Posts by: Kyle A. Isaacs

Greetings everyone!  Due to popular demand, I've set up a virtual meetup group for Columbus, GA to include out-of-state investors.  We would love to include investors, GC's, lenders, and agents to talk about recent market updates and how we can help each other achieve our goals.  Look forward to speaking to y'all!

Hello BP members - 

My strategy consists of purchasing and holding properties in the vicinity of military towns and I'm currently pursuing a deal in one of those markets.  However, the thought of purchasing a property in November makes me nervous due to limited real estate transactions (purchases, PCS, moves, etc.) in those specific markets.  My contractor historically completes jobs before schedule and I'm concerned about holding an empty property for the next 2-3 months.

Has anyone else experienced this in the past?

@Pearl Cook - most programs from what I've seen offer a specialization in Real Estate within their MBA programs.  For example, I earned an MBA from Emory University with a focus in Real Estate after transitioning but there are also vets that have attended programs to earn an actual Masters in Real Estate.  One of my close friends actually recently completed the program at Georgetown in D.C.  

@Lauren Caporaso @Glen Zuffelato - I'm going to speak with my agent and see if he could attend as a guest speaker.  Details to follow shortly but I'm going to aim for early next week.
  

I agree with @Mark F., the best strategy with military tenants is to remain as flexible as possible.  In most scenarios, military towns are cashflow markets therefore, it's easy to charge a bit more for rent (depending on the Soldiers BAH) and build reserves that mitigate the risk of high turnover.  Also, keep in mind that the military is a small community and that you don't want to create any negative connotations around your business.

@Manuel Duffis - 10% and you can waive the funding fee.

@Manuel Duffis - you can utilize your VA benefits as a Veteran, as well. In fact, if you're able to claim any percentage of disability you're able to waive the VA funding fee. All of this said to drive the point that you don't have to make a move prior to your transition.

In addition, we're either at or very near the top of the cycle and building/developing becomes very risky at this point in time.  Materials are more expensive right now and most markets' home values are definitely high, which means that the price can only depreciate.  If you're passionate about a duplex then my recommendation would be to find a deal at your current duty station, purchase it, then house hack.

@Kaitlin Brewer - read my recent article about military tenants.  It will definitely be beneficial if you decide to market your properties toward military personnel.

@Tucker Cummings - see my most recent article on military tenants.  My thinking is that you could combine the two strategies to maximize both cash flows and reinvestment capital.  Nothing is better than when your cashflows buy you other properties.

@Sean Walcott @Trampas Tanklage - see my recent article about military renters.