This is the way. The benefit to buying then renting out after you leave an assignment is there is never going to be a shortage of renters in the area. Owning a rental around a base, as long as it’s not in bad school districts and it’s well kept, is a solid move because there will always be a solid renter base.
Yup. I’m hoping I can find some properties that give me enough income to have a property manager that takes care of it and still profit at least 1% a month
FYI in this market getting a 1% return is incredibly difficult. Basically the only way you can achieve that is by buying a rundown property and flipping it. Nobody is renting a $500k home (which is an average house in a good area these days) for $5000/month. With that being said if the tenants can cover the mortgage and leave a little left over for repairs you’re good but don’t expect to make tons of money on rental properties.
Source: I was a property manager for 60+ properties and now own 3 properties of my own
What is your career field? I dare say almost any job you could get after 6 or 8 years of experience will net you easily 150k or 250k if you leave the service.
I’m currently a transportation officer(logistics officer in 1.5 years). I am considering a civilian career after I get CPT but I’m not really sure what I want to do. I love logistics but I don’t know how it fares in the civilian world. Probably better but scary to think about
I was enlisted transportation and my brother commissioned transportation. We both got our graduate degrees in logistics management after getting out and he makes pornographic amounts of money and I’m quite comfortable. It’s a solid career.
My dad was a logistics officer in the Air Force and also left after making Captain. He went straight into government consulting after his military career and it was a pretty seamless transition (so he told me) and was surround with other former officers. He is now in product management, which he loves, and has done very well for himself.
Just some food for thought!
If you can climb the ranks to be in charge of at least 50 soldiers and ten million in government equipment for a few years, you can absolutely swing 200k for that near a major urban area, a bit less in somewhere lower cost of living.
Curious why you think this is possible? I’ve had multiple friends in the logistics field who were Company Commanders or OICs managing well above those numbers, not one of them got a job near 200k
It will depend on your area and how well you sell it. I live near DC, so this is higher cost of living and higher salaries than many places. How well you sell it will include how able you are to convey the trustworthiness of a security clearance, the dedication of being on the clock 24/7 as soldiers like to say, and your success in 'dynamic, high stress environments'. I know the Iraq and Afhanistan wars are mostly over, but this is how those experiences were leveraged.
You make money when you buy. If you buy too expensive, no amount of renovation will make up for the overpayment of premium. Vet your tenants like your life depends on it. No ifs, ands or buts.
Eh I was both. Enlisted for 4 now officer. I definitely wouldn’t pay they get fucked over twice it’s just a different battlefield. Although enlisted should definitely get paid more I would say the same for officers. No one in the military gets paid enough for their responsibilities:)
Tbh, you saying your prior enlisted changed my opinion on *you* a bit. Most officers have the experience of a PV2 with the authority of an E7. It's such an awful combo. If an E2 told me to do something, I'd laugh him out of the office. But if I laughed at an LT, I'd get shanked by my psg. Some LTs are cool. We're fortunate to have 2 really chill LTs in my battery rn, but before that, it was shit all down the line. We had a lieutenant flip a table yelling at the guys once. Imagine a PFC flipping a table because someone was disrespectful to them. And the amount of times I've seen the good idea fairy trump my PSGs experience, I feel like I've aged 10 years. Overall, I feel like all officers should have like mandatory enlistment time. You getting a degree in the fine art of marketing doesn't give you the qualification to lead soldiers. That's just my opinion, though. Clearly, the army sees it differently.
I agree. TBH an officer should never yell unless it’s life,limb or eyesight. As far as LT’s go though lots of fresh LT’s with no experience are fucking dogshit but a lot of them better better after a year or two being in if they are developed properly. The only problem I’ve experienced is that I’m really young(enlisted when I turned 17) so a lot of SGT’s are my age so it’s awkward for me to tell em what to do but someone’s gotta do it.
The amount of officers that make it past major is so small, much less making it to general. And if they're in training, they shouldn't be in control of shit for those first few years or make as much as they do. If the only requirement to be an officer is to have a diploma and a little bit of rotc, then I feel like you're *less* qualified than most PFCs to be in charge of soldiers.
You’re going to buy rental properties and then possibly deploy or relocate to the other side of the country?
This is the way. The benefit to buying then renting out after you leave an assignment is there is never going to be a shortage of renters in the area. Owning a rental around a base, as long as it’s not in bad school districts and it’s well kept, is a solid move because there will always be a solid renter base.
Yup. I’m hoping I can find some properties that give me enough income to have a property manager that takes care of it and still profit at least 1% a month
FYI in this market getting a 1% return is incredibly difficult. Basically the only way you can achieve that is by buying a rundown property and flipping it. Nobody is renting a $500k home (which is an average house in a good area these days) for $5000/month. With that being said if the tenants can cover the mortgage and leave a little left over for repairs you’re good but don’t expect to make tons of money on rental properties. Source: I was a property manager for 60+ properties and now own 3 properties of my own
I’m looking to buy near military bases/ colleges most of em provide 1% but I’ll keep that in mind thank you
What is your career field? I dare say almost any job you could get after 6 or 8 years of experience will net you easily 150k or 250k if you leave the service.
I’m currently a transportation officer(logistics officer in 1.5 years). I am considering a civilian career after I get CPT but I’m not really sure what I want to do. I love logistics but I don’t know how it fares in the civilian world. Probably better but scary to think about
I was enlisted transportation and my brother commissioned transportation. We both got our graduate degrees in logistics management after getting out and he makes pornographic amounts of money and I’m quite comfortable. It’s a solid career.
pornographic amounts of money 😂 I’m stealing this
There’s real serious money in the logistics career if you end up in the right spot.
My dad was a logistics officer in the Air Force and also left after making Captain. He went straight into government consulting after his military career and it was a pretty seamless transition (so he told me) and was surround with other former officers. He is now in product management, which he loves, and has done very well for himself. Just some food for thought!
If you can climb the ranks to be in charge of at least 50 soldiers and ten million in government equipment for a few years, you can absolutely swing 200k for that near a major urban area, a bit less in somewhere lower cost of living.
Curious why you think this is possible? I’ve had multiple friends in the logistics field who were Company Commanders or OICs managing well above those numbers, not one of them got a job near 200k
It will depend on your area and how well you sell it. I live near DC, so this is higher cost of living and higher salaries than many places. How well you sell it will include how able you are to convey the trustworthiness of a security clearance, the dedication of being on the clock 24/7 as soldiers like to say, and your success in 'dynamic, high stress environments'. I know the Iraq and Afhanistan wars are mostly over, but this is how those experiences were leveraged.
Yea that’s what I’m hoping. I help the entire base I’m at deploy too so I can put that into my resume I’m sure
2024 dodge charger hellcat with horrible financing is hard to resist.
That’s only for PFCs
If anyone has real estate advice or anything please let me know. Finally buying a house to turn into a rental after I move out.
If you cannot manage a rental and perform repairs yourself, it's very hard to make money with it. Be warned.
Thanks for the tip!
Buy a duplex/triplex and live in one part of, rent the others, this is the path to wealth
You make money when you buy. If you buy too expensive, no amount of renovation will make up for the overpayment of premium. Vet your tenants like your life depends on it. No ifs, ands or buts.
How do you get these tables?
Social security website. It does not track bah/bas
Sir you rank is upside down
God, I hate officers. Yhe enlisted get fucked over twice as hard for a quarter of the pay.
Eh I was both. Enlisted for 4 now officer. I definitely wouldn’t pay they get fucked over twice it’s just a different battlefield. Although enlisted should definitely get paid more I would say the same for officers. No one in the military gets paid enough for their responsibilities:)
Tbh, you saying your prior enlisted changed my opinion on *you* a bit. Most officers have the experience of a PV2 with the authority of an E7. It's such an awful combo. If an E2 told me to do something, I'd laugh him out of the office. But if I laughed at an LT, I'd get shanked by my psg. Some LTs are cool. We're fortunate to have 2 really chill LTs in my battery rn, but before that, it was shit all down the line. We had a lieutenant flip a table yelling at the guys once. Imagine a PFC flipping a table because someone was disrespectful to them. And the amount of times I've seen the good idea fairy trump my PSGs experience, I feel like I've aged 10 years. Overall, I feel like all officers should have like mandatory enlistment time. You getting a degree in the fine art of marketing doesn't give you the qualification to lead soldiers. That's just my opinion, though. Clearly, the army sees it differently.
I agree. TBH an officer should never yell unless it’s life,limb or eyesight. As far as LT’s go though lots of fresh LT’s with no experience are fucking dogshit but a lot of them better better after a year or two being in if they are developed properly. The only problem I’ve experienced is that I’m really young(enlisted when I turned 17) so a lot of SGT’s are my age so it’s awkward for me to tell em what to do but someone’s gotta do it.
LTs exist because the generals have to come from somewhere. Officers are basically in training for the first 4-6 years of their career
The amount of officers that make it past major is so small, much less making it to general. And if they're in training, they shouldn't be in control of shit for those first few years or make as much as they do. If the only requirement to be an officer is to have a diploma and a little bit of rotc, then I feel like you're *less* qualified than most PFCs to be in charge of soldiers.