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Updated about 7 years ago on . Most recent reply

User Stats

33
Posts
10
Votes
Andrew Major
  • Rental Property Investor
  • Greater Philadelphia Area
10
Votes |
33
Posts

Military Investing Struggles - to invest or not?

Andrew Major
  • Rental Property Investor
  • Greater Philadelphia Area
Posted
I have been pretty busy researching my market and studying real estate the last two months. I am currently looking at two properties that fit all my criteria and rules (50%, 2%, etc). Unfortunately I will be deploying soon being in the military. I know it take 1-2 months to actually close. I also don't have a property manager or systems in place for it to run on its own. This is my first property, so I will be waiting until I come back not to rush it. Once I get back from my deployment I will have 2 years left at the installation (Fort Drum, New York). I wIll be returnIng home to Delaware. Is it worth to invest somewhere I will be leaving for another state? Should I just save my money for when I get back home amd invest locally? Thanks for yoIr help in advance

Most Popular Reply

User Stats

130
Posts
60
Votes
Ian Kee
  • Investor
  • Milwaukee, WI
60
Votes |
130
Posts
Ian Kee
  • Investor
  • Milwaukee, WI
Replied

I think it's prudent for new investors to invest somewhere close to where they will be. Especially if you don't have a property manager setup. You cannot manage a property from a distance.

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