All Forum Posts by: Augustus Jensen

To start off, I will give you the basics of my situation.

I will move to Enid, Oklahoma in April of 2017 and will be there for roughly a year. During my time in Enid, I will be in pilot training which is a pretty rigorous training program.

My question is whether or not it is logical for me to buy a property that I can flip and work on during my time in Enid and then put it up for rent when I leave, or do I wait? I will be going in on it with a friend who will not be in pilot training, and I will work on the house during the weekends while they can technically work on it throughout the week. So when I do find a potential property to buy, and I do have the financial capability of buying, should I buy or wait until I settle down in a place for 3-4 years?

Any advice or comments are appreciated,

v/r,

Gus

@Paul Timmins 

Thanks for the advice!

Gus

Hello everyone, my name is Gus Jensen, and I am about to turn 24. I just graduated from the Air Force Academy and will be working at USAFA until April of 2017. My goal is to learn as much as I can from this community and slowly build up some cash (via saving) so that when I move to Oklahoma in April for pilot training, I will be able to buy a house (maybe one that is in distress?) and work on it for that year that I am in pilot training. Once I finish pilot training, I would like to rent the unit out so that it serves as an asset for positive cash flow. (I realize it won't go as smoothly as planned, and this is all tentative, but for now this is what my goals are) Eventually, I want to get into RE investing where I am buying and selling multiple units and upgrading using the 1031 differed tax, but I figured starting small would be the bet avenue for me. 

Looking forward to joining this community!

Go Birds!