Flipper/Rehabber · Marion, IL · Member since 2018 · 14 posts · 9 votes
Hello my name is Austin, I recently got out of the Marine Corps less than a year ago and transitioning back into society. Currently I work as a industrial painter while my wife is going through the process of joining the Navy here in southern Illinois I have about 60k I've saved I'm 24 and have been looking into getting started in real estate investing. I have a basic understanding of real estate investing and real estate strategy looking for a possible mentor or just some good advice. My current plan is to continue saving money till the point my wife is stationed and find a multi-family home in the area to house hack, but I will be in southern Illinois for the next 6 months to a year curious if I should possibly get a rental now and take action or just want would be the best move for success starting out in real estate investing any advice is great appreciated and thank you!
Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
6y
Austin, Welcome!! You should absolutely be taking action now, doing anything you can to hone your skills while you wait to make your next move. Whether is analyzing deals, walking properties, getting ideas on repair costs, networking, reading, listening to podcasts... @Craig Curelop's book on house hacking is awesome, if thats going to be your starting point!
Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
6y
Austin, Welcome!! You should absolutely be taking action now, doing anything you can to hone your skills while you wait to make your next move. Whether is analyzing deals, walking properties, getting ideas on repair costs, networking, reading, listening to podcasts... @Craig Curelop's book on house hacking is awesome, if thats going to be your starting point!
Hello my name is Austin, I recently got out of the Marine Corps less than a year ago and transitioning back into society.
Welcome to the 1st Civ Div brother Austin. There are a few of us on here.
Good on you saving so much while active. Anything you buy should be with the possibility of moving in mind of course. Maybe househack a nice b class plex you could turn over to management if needed.
Specialist · Dallas, TX · Member since 2017 · 368 posts · 102 votes
6y
@Austin Timothy van meadows Thank you for your service, I know transitioning can be tough and it's not the fastest process in the world. Do you remember if you ever invested in your TSP or any sort of saving plan while in the military? This may be an additional source of funds for you to take advantage of that the military owes you. You should also start looking more into tertiary markets like the ones many of us were stationed in across America, if you remember on-base housing, its not the best and neither is the off base housing, so you may want to consider providing that better choice for your fellow Marines.