Veterans and College Towns
Some simple easy to start investment strategies.
If you are in or a former service member that has access to your VA loan, here is some food for thought. College attendees and parents of such I'll get you next.
Military members, instead of buying that nice house for your max housing allowance, thank about buying a multi-family. the VA loan allows you to purchase up to a quad plex. So think about all those military members looking for homes to rent near your bases and the ones not brave enough to take that step. Now think about it if you made a career out of the military and all the properties and sources of income you would have after 20yrs of service. The best part is those locations are dependable and you have direct access if they don't pay their rent. Had I known or even thought about this while I was in my portfolio would look much different.
College attendees and parents of such (this also goes for those veterans transitioning out and heading to school. Why pay someone else when you can purchase a property near the school that you know will have long lasting clientele flow and where you actually make money instead of just "throwing it away" to another landlord. Sell it when you child leaves school or continue to rent it out either way is a win win for you. Lets be honest these are college kids, they don't the taj mahal so the price point should be manageable and if you invest in a multi-family then that's even more income paying for your investment.
Investing isn't always difficult, sometimes its just thinking clearly or having someone point out a new point of view.
Thanks for reading and keep investing.
- Matthew Lamoreaux
