Is basic leadership, risk management, and military experience sought out for investors to build there teams? If so do investors like to train these type of people to further there business?
Background on me I’m exiting the Marines fairly soon and well I would love to work for a investor to learn and be apart of a team out side of the Marines. They are unlike just applying to a normal job so any advice on how to attracted or get involved with someone in need of a background like my self.
OK, now that the military humor is out of the way, I love hiring vets when possible because I like the military approach to chain of command and resourcefulness. When I was on my ship, if my equipment broke I got it running with whatever was lying around. So did everyone else. A lot of REI is figuring out ways over, under, through, and around obstacles. So your job is going to be finding someone you want to work with/for, and then convincing them how your background is going to make them more successful.
Always approach working for/with someone else as what's in it for them. They don't want to know/hear what's in it for you. Your benefits should be obvious through the value you provide to them.
Is basic leadership, risk management, and military experience sought out for investors to build there teams? If so do investors like to train these type of people to further there business?
Background on me I’m exiting the Marines fairly soon and well I would love to work for a investor to learn and be apart of a team out side of the Marines. They are unlike just applying to a normal job so any advice on how to attracted or get involved with someone in need of a background like my self.
Thank you for your service. I know you hear it often - but it's meant sincerely.
I have seen a lot of veterans (USAF specifically) do very well as investors. My dad worked in the defense industry and was friends with a bunch of active duty and veterans here in LA and elsewhere, who flipped houses, purchased rentals, did all kinds of stuff. We have vets in my multifamily meetup group here in LA.
I think there are plenty of investors you could start learning from. Some might be vets, some not, but many people are willing to mentor, in exchange for you helping them. And yes, don't hesitate to seek fair compensation, although if you show folks the value first, their willingness to pay is much higher.
Think about what you're into. Do you like working with your hands, and have good spatial-visual perception. Consider working with an investor who does a lot of rental rehabs or flips. You can be their eyes and ears on the ground, and learn a heck of a lot in the process.
Are you good with numbers? Analyzing deals may be your thing then. Learn the investor's metrics, and use the resources here to get better at doing that quickly. Active investors can use help with this for sure.
Helping figure out financing, or even getting into mortgages as a loan officer, could be an option. I see tons of vets in that role.
Are you a people's person? Maybe working on property management, or getting your agent's license or wholesaling, are things you'll be in to. If you can connect with others and earn their respect, you'll do very well in any of those roles.
The point is, I think you have tons of options here. Use these skills to start investing on your own, and build wealth. Be well my friend - Semper Fi.
@Sheldon Santos Don't forget about your ability to utilize VA loans and the low down payment that comes along with it, in addition to so many other benefits. That's a huge factor for someone that is having trouble coming up with the large down payment that most banks require to purchase an investment property, or someone that's looking to scale quicker than they can come up with the capital. A low money down VA loan may be exactly what someone is looking for, and could get you in to a partnership with an experienced mentor type investor. You may want to learn how the VA loans front to back, if you don't already know. Being a master at utilizing VA loans could be a niche all in itself. Both my sister and brother-in-law are Air Force and Navy vets and utilize VA loans, from my understanding they can be quite beneficial even on investment properties. Good luck to you!
@Shiva Bhaskar ohh yes that was some good info. I am extremely good at building fences it’s a side hustle of mine over the years. I could try and find a flipper or something and build a fence or 2 for them in exchange for some education and well to just open that door into the world..
@John Lutkenhoff I wonder if I could find a investor to maybe go in on a larger multi home like a quad using the VA loan and then some of there money you know some kind of deal of sorts. I'll have to look into that more as my time gets closer to being a civilian again
An entrepreneur and a solider I feel like are totally opposite personas. The former is a free thinker that thinks outside of the box of society, the latter is trained to follow orders and no question tasks or efficiency.
Property management and construction are great (I love to get my hands dirty and actually “work hard occasionally “) but take a look at classic get your license real estate too, a lot more money on that side for a hustler. Check out Will Grimes on YouTube/podcasts there are a few other popular media type agents who are making a killing and have a military background, it’s a nice way to set yourself apart from the start
@David Pere I did skills bridge when got out of the Air Force and was able to work at the brokerage leadership level of a large brokerage for 60 days as an intern while getting mil pay and benifts to help me transition out of active duty. Super helpful and definitely helped me land on my feet in the civilian world.
@Sheldon Santos You can search and follow keywords about Sacramento here on BP if you haven't already, giving you some insight on that area and the people talking about it. Are you thinking about doing your own investment in Sacramento?
@Sheldon Santos Exactly. Bringing something like the ability to obtain low to no money down financing to an investor that has all of their capital tied up in other deals at the moment, in addition to you maybe doing some of the value add repairs and maintenance as part of your contribution to the partnership is very valuable. I'm not saying the investors are going to come flocking, but it's another tool in the tool belt when looking for ways to get started. Getting creative and exploring all options is what it takes sometimes. Good luck, I hope you accomplish great things sir!
