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Updated 10 months ago on . Most recent reply

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New military investor

Posted

Greetings, I'm a new investor and looking for partners. I'm in the military, active duty, and aspire to become a full time investor when I retire. 

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Henry Clark
#2 Commercial Real Estate Investing Contributor
  • Developer
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Henry Clark
#2 Commercial Real Estate Investing Contributor
  • Developer
Replied

OP. Use your base housing allowance or BAH to do your investing.  If you have little money start with a trailer.  Sale.   At your next base do a larger home and again use your BAH.  Own for at least 2 years as your primary.  Then when you sale it’s tax free.  If you’re trying to cut down on the realtors fee use an attorney.  

By using your BAH, selling tax free, using an attorney you will build wealth far faster than doing investment homes. You can still do fix flip or BRRRR strategy.

Join military Facebook groups for real estate.  

In 10 years you will be a millionaire just with your real estate. 

  • Henry Clark
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