All Forum Posts by: Solomon Floyd

What if I told you there was a population within the United States that has more than $100,000,000,000 to spend every year? Our nation's military is deemed "The other 1%" partly due to the size of their allocated budgets for disposable income.

Lack of knowledge plays a big role in why investors pass on military communities and their surrounding markets. Why? Because people think like people like themselves. Many of you have heard me say this on podcasts and investor calls, and it remains true.

Allow me to shed light on just a few benefits of military markets.

1. Funded By You, The Tax Payer: Only two things are for certain in this world, death, and taxes.

2. No Major Layoffs: While downsizing may happen, NO ONE gets better housing, education, and health benefits like veterans and active duty members.

3. Consistent Cash Flow: No matter the rental model you can still make great CoC returns with consistency (STSFR, MF, BTR). This applies to commercial property (hotels, storage, retail)

4. Cheap Land: Depending on your market (primary, secondary, tertiary) most land surrounding military bases is often discounted. We purchased 3.5 acres for $150K, right across the street from the base (will become 420 units of MF).

Understanding the benefits of military markets and the flow of funds from the military into the civilian world opens up a plethora of opportunities to build resilient portfolios that produce income and provide a better standard of living for military members.

@Roger Simons The benefit is that you can do just about all the things in this extra room. I am a big fan of laundry rooms, vending machine rooms, and storage go far. Depends on the size of the room.

@Alex Talcott Yup! We built a fund that combines our real estate rental income with our FA firm to produce strong diversified returns. Always be diversifying. 

 I second that.

@David Wood welcome to the party! NM is a solid place to invest, we have several investors who place money there each year. Being as fresh as you are, it may be best to focus on building the passive income streams first. This will give you a cushion that won't force you to work the W2 forever if something goes wrong. Hit up REITs and Funds, they will get your foot in the door. Good luck!

@Will Jones I am not in your market, but I am always game to talk about REI and market conditions. Welcome to the community, good luck!

@Darrell Degrazia welcome to the community! The best advice I wish someone told me: 

1. Start now. Passive income is much more available than you think. REITs and Funds that offer quarterly returns that you can grow from are a must for a stable foundation, you don't want to go into this with just your salary and savings.

 2. People you can trust. Keep the ears open and the circle small, not to say that collaboration isn't a good tool. You just don't want to get left out of the deals or be the only contributor. 

3. Focus on the numbers. Numbers will tell you everything about a deal, it will guide you to success. Numbers don't care about the market or social media, there's no need to follow the hype. Eye on the prize. 

Happy to have you here @Danrae T Cowan. There is a lot to learn from BP and its members. BRRRR is truly something to take advantage of in the current state of our market. Be sure to plan out the path ahead and don't be afraid to ask questions. Wish you the best of luck!

About This Event

Reunion Investments is the host of Cigars & Real Estate, a monthly virtual real estate event for professionals looking to connect in a relaxed setting with no pressure. Our event is designed to bring together newbies, veteran investors, qualified vendors, and market experts for a great night. Join us for a fantastic night of Virtual Cigars and Real Estate Networking!

Keynote Topics:

Selling Homes With Higher Interest Rates

Activities:

Attendee Networking (3-5 breakout room sessions)

Vendor/Sponsor Networking (between each breakout session)

Sponsor Speakers (Podcasters, Developers, Realtors, Analyst)