Leaving Military overseas with $40k

[Austin Schultz]

Okay. So I have had a love and passion for real estate investing for years and years now, but I have been overseas for over 8 years for the Military. I have $40k saved up. Not a whole lot, but I think should be a good start? Haha. 

My main plan was to build a shipping container glamp site in Williams, AZ. (Approximately 40 minutes from the Grand Canyon). I’ve also have been researching a ton into house hacking in Phoenix, AZ. Finding a home with an AUD or a multiplex where the math actually WORKS is just absolutely insane. Everything feels so overpriced in the Phoenix area. 

From someone who has never invested in real estate and haven’t lived in the United States for such a long time, this process is of course intimidating and feels like Phoenix isn’t the “greatest” place for the type of investing strategy I would like to commit to. 

I would love some advice from people. What would be the first steps if you were in my shoes? Thank you so much for taking the time to read this and help! Hope your New Year is going great! 

[Corby Goade]

Every new investor thinks their market is over priced and they can't find anything that "works." It's a tale as old as time itself. 

You have a VA loan and some cash- that's like real estate investing superpowers. Buy a value add multifamily and live in one of the units while you fix the place up- hopefully a fourplex. Then do in again in a year or two. Repeat over and over. You'll be financially free before you know it.

Not to kill your dream, but don't get caught up in getting too creative- while your shipping container idea is fun, it'll take more time, energy and capital than you think. People typically get in their mind that they want to do something unique like that and spend so much time trying to put the details together and find a way to make it work that they completely miss all of the base hit opportunities all around them. 

No need to reinvent the wheel, just start house hacking, keep house hacking and let the market do what it does. 100% guarantee it works. 

Thank you for your service and best of luck!