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All Forum Posts by: Dustin O.

Dustin O. has started 4 posts and replied 24 times.

Post: Next step as a Investor

Dustin O.Posted
  • Investor
  • Wahiawa, HI
  • Posts 25
  • Votes 5
Originally posted by Dave Velasco:
Does being a soldier really have it worthy in the end? I heard a lot of soldiers really making it for their investments.. I would love to know.

Not exactly sure what you mean by worth/worthy. The sacrifices you make over the years can not really be measured. It is just like a police officer, teacher are firefighter, you can't do it for the money.

financially speaking, my benefits at age 40, will roughly equal to $48,000 a year for the rest of my life.

I was taught as a young Soldier, that Uncle Sam has you covered for the fist 20 years. But what I do after that time will determine if I am truly successful. (took me years understand that phrase).

Hope this answers your question.

Post: Next step as a Investor

Dustin O.Posted
  • Investor
  • Wahiawa, HI
  • Posts 25
  • Votes 5

Thank you all for your advise and input. This site is full of valid information and reassurance for new and old investors.

I am going to take a few days to think about my next move. Which will most likely be as the last two. A conventional loan.

Thank you,

Post: Next step as a Investor

Dustin O.Posted
  • Investor
  • Wahiawa, HI
  • Posts 25
  • Votes 5

Thank you Jeff,

I am educating myself on flipping properties now. But I do not think I would enjoying the rush of quick sells and rushed property searches. As I get older I have come to realize I enjoy slow and steady time lines and obtainable goals.

But I am planing after retirement to try a few flips if I come across the right property.

I have purchased all my properties while overseas. My first was while I was stationed in Alaska headed to Arizona and my second was done in Hawaii where I am currently at now. And all properties are located in Arizona, where eventually I plan on retiring.

It is a adaption I have to deal with. My operation tempo is just to high for me to wait until I am state side. I use property managers, a loyal real estate agent and property inspector.

My wife then flies in for the final inspection, organizes and signs last minute forms and is back home within a few days.

Right now I am just building wealth and using all of my government benefits to gain back time lost on the Battle field.

Just trying to figure out the next smart move, Jeff. It is obvious that I have to stick with the buy and hold strategy for right now. But should I continue with the single detached or go bigger?

The Military has giving me so many advantages, while at the same time limiting me on my full potential which
I gained from the Army. Just frustrated right now.

Post: Next step as a Investor

Dustin O.Posted
  • Investor
  • Wahiawa, HI
  • Posts 25
  • Votes 5

I have been a Active duty Soldier for 17 years and I am coming up on retirement quickly. Just turned 35 a few months ago and can not imagine starting a new career after 20+ years of service.

So I invested over $3,000 of my Tuition Assistance and enrolled in a years worth of Real Estate college course.

Shortly after I purchased my first home using my VA loan with no money down. At the time it was a new construction single detached on a acre of land.

My second home is a short sell, also a single family detached home on about .25 acres. In a great location. (Conventional loan 40% down)

Sorry for the long intro, now to the questions.

1. What should be the next smart investment after 2 conventional loans? (I have no second mortgages or loans against any house).

2. My mortgage broker has asked me to wait 6 months before my next purchase. Anyone know why? I did not want to show my lack of experiences :roll:

3. I plan to make my next move in 6-8 months during my deployment. Can I use my tax exemption status to gain any leverage.

Thank you for your time.