Our military oriented real estate investing blog.
Did you know there are over 21 million veterans and nearly 1.35 million active-duty military who could be eligible to purchase a home with a VA loan? However, many do not understand how it works which prevents them from trying to obtain homeownership. Here are a few facts to help:
1. No down payment or mortgage insurance
One of the biggest advantages! You don’t need a down payment. Most mortgage programs require at least 3.5 percent to five percent down. A huge savings for our veterans!
With a VA loan, you also avoid steep mortgage insurance fees. At 5 percent down, private mortgage insurance (PMI) costs can be $150 per month or more on a $250,000 home, depending on the buyer’s credit score. This buyer could afford a home worth $30,000 more with the same monthly payment - simply by eliminating PMI. Using a VA loan saves you money upfront and increases your buying power.
2. Use your benefit more than once
You have a total entitlement of $484,350 in El...
It’s 3 PM and you are sitting in your underwear on the weird wax paper that drapes the patient benches of nearly every doctor’s office in the country. It’s been a solid 30 minutes and you’ve pretty much got the informational poster on heart disease memorized.
Finally, your doctor, clipboard in hand, swings the door open and hits you with a cheesy greeting. It’s just a routine physical, nothing to be worried about. You run through all the basic tests and answer the standard family history questions. Before you leave you run a few medical questions by your physician. Normal right. I think so too. Well, what if, your doctor had trouble explaining, oh I don’t know, anything at all relating to your health questions?...
by Nate Nomichith
Trauma comes in many different forms and almost always has some life long affects on daily living. The experiences that we endure throughout our life are permanent and cannot be taken away. We tend to hang on to and reflect on the positive experience in our lives and often we repress some of the bad experiences. The result of burying our trauma has uncontrolled side effects that manifest in many different forms.
What you will read next is my personal experience with trauma, how it has affected my life, my service to my country in the military, and the journey to healing from my experiences.
My father migrated from a country in the southeast Pacific in the late 70's, post-Vietnam war. One of the things that he brought with him was the way that he was raised and was disciplined. So, for the first 16 years of my life, I suffered from intense physical abuse.
by Kevin Brenner, ADPI Hero, Capt, USAF / @investorkev
Your day is finally here. You’ve made it to the Big Show. Coach taps you to close the game out in the bottom of the 9th inning with the bases loaded. The pressure is palpable as your team is only up by one run. Here’s the problem, you’ve never thrown a baseball in your life. You wind up with a nice leg kick, lean in, and fire a 24 MPH fastball that barely makes it halfway to home plate. The entire stadium erupts in raucous laughter. Well, this didn’t go according to plan...
The cold hard truth is that everyone sucks the first time they try something. This applies to all facets of life, including real estate investing. You can read 10,000 books and still make silly mistakes. So what do you do - curl up into a ball and cry. Probably not the most effective solution to your problems. Believe it or not, most people actually...
Kevin Brenner, ADPI Hero, Capt, USAF / @investorkev
If you haven’t already, log into Amazon and order a copy of Mark Manson’s The Subtle Art of Not Giving a F*ck. This is a mindset book. It has absolutely nothing to do with real estate. So why is it one of the most highly recommended books out there for aspiring entrepreneurs and real estate investors? Simple - because like Robert Kiyosaki in Rich Dad, Poor Dad, Manson uses a counterintuitive approach to establish extreme self awareness in a society that misinterprets true extraordinary behavior with what was once considered by many to be normal. It’s one of those reads that very abruptly brings you down to Earth and lets you know that you aren’t that special. You aren’t any more or less special than anyone else reading this blog right now.
So why am I blathering on about all of this, you may be asking yourself? It’s this book, combined with...
One of the most difficult times any veteran can go through is the transition back to civilian life. Speaking for myself, my transition was very much a bittersweet experience. Personally, I loved combat and outside of the military, I never felt comfortable expressing my love for war outside of my close circle of friends who also felt the same as I did.
I spent six and a half years as a sniper in the Marines and another five years as a security contractor. In total, I deployed four times in the service and completed nine rotations working on security contracts. It was certainly an experience I’ll never forget and I saw not only the ugliness of war but also the beauty of peaceful resolution, although oftentimes, short-lived. It was the upfront, in-person contrast between peace and war that fascinated me the most about my service and the lessons of those experiences shaped my life and, in...
There are a lot of good strategies that work well for military families. VA house-hacking is on the top of most people’s lists – and was on mine too. For some people, hacking into a few investments is enough; but many active duty members are driven with a big, burning “why” that leads them into bigger and better investments. [Feel free to comment with your “why” below] In my case, I went from house-hacking to 55-units in Spartanburg, SC, and will soon have many more. Along the way, I hope to highlight some of the benefits of multifamily investments.
I hacked into my first investment property before house-hacking was even a thing. While I was a young devil dog stationed in Okinawa, I read Rich Dad, Poor Dad. I know, cliché, right? I figured it would be difficult to invest from Japan (I now realize this is a limiting belief), so we decided to wait until we were back CONUS....
You’ve probably been there before: Lying on a beach daydreaming about what it would be like if you stayed and never went home. Maybe during your last overseas duty station you’ve walked through an old Italian village wishing you could live forever surrounded by olive groves under the Tuscan sun or you’ve stopped at the local brewery, dressed in your Oktoberfest finest, and dreamt of simply buying the apartment next door and making this your forever spot. Or, instead of living there yourself, you’ve contemplated dipping your toes into the international real estate market to diversify your investment portfolio. How different can real estate be in another country right?
No matter the reason, if your dream is to one day own an overseas beach house or Tuscan villa (or any other international property), these five considerations will help you come to the international market prepared.
“The purpose of life is to live it, to taste experience to the utmost, to reach out eagerly and without fear for newer and richer experience.”
― Eleanor Roosevelt
I was sitting in the Engineering Control Center (Maneuvering) underwater onboard my submarine the USS Albany (SSN-753) when one of my sailors walked in. Maneuvering, while underway, is usually a boring place with little to do but stare at screens or dials that barely move. Time is spent talking about cars or women or, more often than not, video games. Six Degrees of Kevin Bacon is also a popular game.
As a result, when the sailor walks in and tells us his story, we are all ears. He had recently checked his email (yes, we do get email underwater and sometimes even Facebook) and had received a message from his wife talking about their lives back on shore and providing updates on his 3-month-old baby. He paused in his story and I caught a glimpse of a tear in his eye....