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Old guys method

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Brownsfan2k5
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Old guys method  Reply with quote  

First off I have to say this: oldguy, you are WAY to smart to stay on this forum. Yes, this forum is great, but you need to look into others as well! Your advice is always superb!

I still remember when you said you would buy homes and then refinance and invest the cash. So my question is: I currently have around $300,000 in the market and have a guaranteed pension of 4,300 monthly. so I have a lot of upside for risk. My wife recently joined the military and will be moving to Tacoma Washington. Although the houses are fairly pricey (around $225,000 average). She will get a housing stiphened of $1500 monthly for 4 years. Should we buy a house and use that cash to pay down the mortgage, and then rent it when we leave? I feel very confident renting to military and allowing a property management company watch it. Should we do this concept every base she goes to? Is it smart to have real estate all over the country?

Thanks!

Adam
Post Fri Jul 08, 2016 8:55 pm
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oldguy
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quote:
stiphened of $1500 monthly for 4 years.


I would probably invest the $72,000 stipend in the SP500. And do that at each Base, that is easier to mange than a string of houses across the US.
But if you decide to buy the houses, I agree with you - renting to military is a safe bet - they were my best renters.
Post Fri Jul 08, 2016 10:18 pm
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Brownsfan2k5
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Cash: $ 20.90

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Well we have to live somewhere, so we either buy the home and rent it out when we leave or pay the $1500 to another landlord.
Post Fri Jul 08, 2016 11:33 pm
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