Welcome! I am also new to this, with a similar plan. I see you're from Dallas -- not sure if you're interested in returning to the area but I know it's excellent for RE investing right now, as backed up by BP podcast guest after podcast guest. I also went to school in Lubbock which is just exploding right now and still pretty cheap to buy. I'm also a business grad from Tech, and can vouch for the Rawls College of Business as an outstanding college :)
Thank you, and thank you for the information. I will look into the college.
Welcome and good on you for having the beginning of a plan! I would capitalize on this next years' time to read and learn as much as possible about REI. There are many facets and I would recommend to absorb all elements of investing and not just what pertains to your specific goals. I find that my instinct is to ignore posts/books/podcasts about flipping or wholesaling since I do not want to do either of those things, yet when I do listen to these topics I find that it better arms me for my niche or interests and ends up being very enriching. Absorb as much as possible, write down your goals, and apply timelines to them. You will be surprised how much your military experience will help you "on the outside". Good luck!
Hi @Samantha McCormick and welcome to BP! I would definitely recommend checking out the blogs, podcasts, and setting up keyword alerts for specific things that interest you (i.e. duplexes, multifamily, va loan) - that's how I found you, my keyword is "Virginia Beach".
Where do you plan on returning to when you separate? Virginia Beach? Dallas? Somewhere else? You may have better luck finding a local mentor if you narrow the area down a little.
The VA loan can be a great way to get started. That's how my wife and I got our first property, and it has helped a lot.
@Samantha McCormick welcome to BP and thank you for your service! Navy vet here!
Are you looking to buy in the Virginia Beach area? I am currently in the Norfolk area until Oct 20th for work and am researching this local market so I can make some investments in the future. Let me know if you have some areas in mind and I can go check them out and get some info for you. It would benefit you and me! :)
Smooth sailin' shipmate!
Originally posted by @Samantha McCormick :
@Kevin Phu Thank you! I don't currently have anything in mind. I'm just looking for an area to focus in on within the Hampton Roads area. Do you recommend an area I should look at for investing in duplexes?
Hey! Sorry for taking so long to reply! I had to return to California earlier than planned due to work stuff. Unfortunately I cannot give you a good recommendation on area as I am not local and didn't get much exploring done. However, I would suggest staying away from the Park Place neighborhood in the Norfolk area if you end up expanding your search. It's one of those "I wouldn't live here" type neighborhoods with a lot of run down MFRs and unfriendly looking people hanging out of the building stoops all day.
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