San Diego, CA · Member since 2017 · 34 posts · 12 votes
Hello,
I am a 23 year old active duty service member in the San Diego area and I'm here to start gathering more knowledge on the subject of REI. I currently have very little knowledge but I am in the process of attending a fortune builders event to kind of give myself a foundation. I have read a few books but it seemed to me as though it was more of just a motivational tool more than anything else. If any of you guys can provide me with any information or help it would be greatly appreciated. I'm pretty much looking to master all of the disciplines of real estate investing such as wholesaling, fixing and flipping, long term holds, and rental properties so any information that would help me get the ball rolling in some direction would be very much appreciated. Thanks for taking the time to read this.
Hi Donnell,
Welcome to BP! Which base are you currently stationed at? I think catering to military rentals in Oceanside, national city, or imperial beach might be a great niche for you to get into using your VA loan. Search military on BP and a ton of info will come up related to strategies folks in the military move around and take advantage of their VA loans! I am a civilian but I work on the bases in SD as an environmental contractor. There are tons of folks here who need flexible housing options as they deploy and return. Making some kind of multifamily with large storage units and flexibility in leases might help you provide a value to those in the service.
Best of luck as you educate yourself!
Hi Donnell,
Welcome to BP! Which base are you currently stationed at? I think catering to military rentals in Oceanside, national city, or imperial beach might be a great niche for you to get into using your VA loan. Search military on BP and a ton of info will come up related to strategies folks in the military move around and take advantage of their VA loans! I am a civilian but I work on the bases in SD as an environmental contractor. There are tons of folks here who need flexible housing options as they deploy and return. Making some kind of multifamily with large storage units and flexibility in leases might help you provide a value to those in the service.
Best of luck as you educate yourself!
Donnell Jackson , welcome to Bp. As a current active duty military member, it is great to see our network growing. You have definitely come to the right place. All you need is right here. Check out the podcasts and get active in the forums. Set up keyword alerts for things and places you are interested in and you will be notified when people are discussing them. Then you can jump in and participate or just sit back and learn. Good luck moving forward!!
Welcome Im AD as well, Im from San diego but stationed in Japan. I have learned alot from listening to the podcast or audiobooks while driving to work. I hope to start REI upon my return but im also open to investing from abroad in the right case. Good luck
I really appreciate you guys being so supportive and giving me good advice on moving forward, just from those responses alone I am sure that I am in the right place as far as networking and learning is concerned. At first I was not sure how active the community on this site actually was but now i know for a fact that you guys are actually active and supportive and like i said earlier i really do appreciate that.
I'm looking for my first multifamily buy-and-hold deal in Oceanside. Not active duty, but I am interested in San Diego real estate. Been researching for about a year now to learn the market, what niche I want to focus on, and getting my personal finances in order. I'm interested in networking with anyone in SoCal who wants to meet up and chat about real estate investment! Send me a PM if you are interested in coffee sometime. I can share how I've narrowed my scope.
Steven Ewers hey send me a PM. I'm in SD MFH and looking to meet others as well.
Current experience with rentals (own 4) fix and flip, and wholesaling.
Donnell Jackson I would evaluate where you want to be with RE. What your financial goals are. I think a good understanding of the different RE strategies is good. But you will not master all of them, nor should u try. You need to become a master of one of them. Then repeat that 1000 times as you refine your approach and increase profits each time. That is how masters are made. Otherwise you will be average at best. And that won't make you much money.
Learn the different strategies and go after one that currently fits you and your goals. In the future once you've been successful then go ahead and change as your goals and situation does.
Welcome @Donnell Jackson to BP and the SD real estate market. The VA loan is an amazing way for AD military to get a foot in the real estate world. If you aren't real familiar with the VA loan guaranty, give me a shout and I can fill you in, and also turn you on to a few local VA lenders. I have a good suggestion for your first foray into the market.
@Account Closed, I am just down the road from Oside. It is a sweet little market for coastal southern CA, kind of the forgoten step child that is coming into it's own. Let me know if you want to chat about local RE, or investing from afar, as I do.
@Logan Turner Since making the post i have most definitely decided which route i would like to take to get into investing. I'm looking to do fix and flips in my local area. I've begun to network with as many local investors as I can and even found a few decent lenders that I could possibly work with on my first deal.
@Donnell Jackson First and foremost, thank you for your sacrifice and service to our country. I agree that you should learn the different approaches to RE (wholesale, fix and flip, buy and hold) but really focus and master one approach. You have an excellent financing opportunity through the VA loan so one option is the BRRR strategy where you can mix flipping with buy and hold. Let me know if I can help and best of luck.
@Account Closed Glad you guys are on the MF train!
Hi @Donnell Jackson Welcome to San Diego! I agree with several of the other commentators that buying a multi-family property in a high density military area (Oceanside, Bario Logan, etc) would be a great start for you. You can get a good bang for your buck in some of these areas and you will have the perk of being able to relate to your tenants, making potential self managing easier. If you are in need of an agent that specializes in helping clients utilize their VA loan, shoot me a private message. I have a friend who is a vet herself and specializes in helping vets and active duty servicemen use their VA loans. Happy investing.
Hi @Donnell Jackson and welcome to BP. It's such a great resource. Glad you're here, we are all here to help. To get more involved in the local RE investment community you could look up the real estate clubs on Meetup and start attending those. They are a great resource.