What are some tips for investing in real estate near bases?

SPC(P) Private RallyPoint Member — Sun, 21 Aug 2016 20:26:43 -0400

I'm going to be attending AIT (is it still called that when reclassing?) in Ft. Gordon (again) and I have thought about purchasing a home down there for 1) My primary residence while I'm there and 2) Rent out when I leave. What are some tips for renting out a home, near a base when you're out of state?

Response by ENS Private RallyPoint Member made Aug 21 at 2016 8:49 PM

ENS Private RallyPoint Member — Sun, 21 Aug 2016 20:49:51 -0400

A good question to start off with is how long are you going to be in that area and are you eligible for BAH? If you will be stationed in an area for along period of time (3 years), then buying a home is definitely a great way to go about things! You're paying your own mortgage vs someone else's. Just make sure you look at the housing market first. You don't want to lose money when you sell. Also, see how long homes stay on the market, specifically the home you buy and ask yourself if you can afford it if its sitting on the market and no one is buying.

Also, if you plan on renting, make sure you invest in a good property manager!

Response by CAPT Kevin B. made Aug 22 at 2016 12:13 AM

CAPT Kevin B. — Mon, 22 Aug 2016 00:13:08 -0400

The most critical thing is to consider a good rental management company. Nothing like having to deal with the crapola from a distance. We're looking to purchase two homes to rent but will have both within a 2 hour drive. The other thing is to have landscaping, exterior surfaces, etc. that are durable and very low maintenance because renters typically won't.

Response by Ron Dayley made Jan 16 at 2018 3:08 PM

Ron Dayley — Tue, 16 Jan 2018 15:08:12 -0500

I am a Realtor in Clarksville TN near Fort Campbell. I always tell soldiers that they should use their VA to buy a quadplex. That way they can live in one unit and rent out the other 3 units. When they PCS, they can do it all over again. When you retire and have had 3 or so duty stations, that's 12 doors you have as rentals to help set you up with retirement. All though I am in TN, I can refer you to a like minded Realtor anywhere in the US.

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Response by SGT Michael Frazier made Sep 12 at 2021 6:59 PM

SGT Michael Frazier — Sun, 12 Sep 2021 18:59:47 -0400

Rent to other military personnel

Response by Cadet CPL Private RallyPoint Member made Sep 13 at 2021 4:14 AM

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Response by SA Private RallyPoint Member made Jan 23 at 2022 4:12 AM

SA Private RallyPoint Member — Sun, 23 Jan 2022 04:12:16 -0500

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