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Active Duty Passive Income Blog

Our military oriented real estate investing blog.

 

 

How to Earn Residual Income in the Military

Aug 16, 2018

 

THE WHY.

Save More, Spend Less? Nope!

Before we talk about residual income, I would like to start by telling you a quick little story...

Years ago, I remember deciding, that I did not want my wife to feel like she "had to" go to work if she didn’t want to.

Then, thinking it was my only option, I tried to figure out how I would cut down our family expenses if we had a baby. After all, I wanted to start saving for his or her college.

This meant living more frugally.  

It meant cutting down our expenses and saving more.

I quickly realized that my future day-to-day lifestyle would most likely struggle.

Wait!

Don't forget saving for retirement! My wife and I wanted to make sure we could tell all the other military families that we had a solid TSP and Roth IRA for our future old-selves. We didn't want to seem financially uneducated.

But something did not feel right. My thought process seemed counterintuitive and it was forcing some difficult conversations between my...

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Enjoying My Passive Income from Real Estate Investing

Jun 20, 2018

Last week I was travelling across Europe with my wife and kids flying first class from country to country. We went from Germany where we spent time getting served by folks in lederhosen and over to Scotland where I went to a few Scotch distilleries testing some various choice Highlands and Speysides… what an amazing trip! We passed through Paris and took a helicopter tour of the city and had an amazing view of the Eifel Tower. We went to Poland and visited Auschwitz (amazing!) where my 8-year-old son asked, “what happened here, daddy?” Right then I knew we needed to continue travelling the world and showing our kids what really matters in life: time with your family while learning and experiencing the world while sharing the blessings we have with as many people as we can.

Now, I have a confession, I didn't actually make that trip… last week I was stuck working a lot of hours on a TDY away from my family. I worked about 95 hours and I barely even talked to...

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Nathan Brooks on Turn-key Real Estate Investments for Members of The Military

Feb 11, 2018
 
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The Two Pillars of Real Estate Investing While In the Military

Dec 17, 2017

Do you ever wonder about your life and your financial situation after the military? Have you ever thought to yourself, "I wish I had another stream of income"?

People come up to me all the time and say things like, “Well, you are lucky because you know what you want to do after the military.” Not true. But I’ll tell what I do know: I know that I never want to be scrambling to find a “job” when I start the transition process.

Transitioning from a military career to civilian career is not easy. Even with all the help we get, the process is often not as successful as we dream it up to be. So what’s my solution?

Create as many streams of passive income as I can before I transition from military life to civilian life.

How? House hacking and Buy and Hold real estate investing with a focus on cash flow.

Two Pillars of Real Estate Investing While in the Military

Cash Flow

Cash flow is essentially anything that is left over from your investment...

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5 Real Estate Investing Strategies Service Members Need To Know

Sep 09, 2017

In the military, we lead super busy lives and are not always privileged with the time to study and learn the secrets of the most of the most successful real estate investors. This causes us to go with the status quo and think that the only way we can make major purchases, or investments, is to go through a bank. However, this could not be further from the truth, and it is time for someone to shed light on the "tips and tricks" other real estate investors have used for decades to leverage funds from different investments to fund future ones. That's why ADPI was born, and we've got your six!

#1 HELOC: Home Equity Line Of Credit
Investing with a HELOC is one of the most powerful ways to invest in Real Estate; especially if you bought your home during your first tour. Owning a home can be like owning your own bank. You have access to almost all the equity you have built up into your home, whether through projects, extra payments, or from the market rising in your area. Much different...

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The 5 Red Flags From My First Turn-Key Real Estate Investment Failure

Sep 01, 2017

I learned a painful but crucial lesson from my first shot at Real Estate Investing.

After I learned the basics of Real Estate Investing, I thought I was ready to jump right into a deal. I got ahold of a turn-key provider and immediately started looking at deals. The only kind of analysis I did was subtract the mortgage from the rent and tried to see if that made any sense.

By the way, a turn-key investment property is simply a fully renovated, tenanted, managed, and ready to go investment.

Red Flag #1: Communication with the turn-key provider was terrible. They didn't seem to have their shit together and they dragged out every step.

Red Flag #2: They wanted me to buy with cash only. The reason this is a problem, especially since I was NOT able to see the property, is because a cash purchase would not require any inspections or appraisals. Therefore, I would never really know if my property was actually worth what I was planning on paying for it.

Red Flag #3: The purchase contract...

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How I Built a $1.2M Portfolio While Active Duty With the Help of VA Loans

Aug 11, 2017

 

I proudly served 22 exciting years in the Air Force as a calibration technician and laboratory auditor. It provided some of the best experiences in my life. Still, halfway through my career, real estate became more attractive than my military education and training. I began to purchase homes as I moved through assignments and always enjoyed talking about real estate investments. While I loved my country and was proud of my military service, it was easy to see that I had a second agenda in real estate. The military and real estate investments have provided security for my family, and I hope this article will teach other veterans of the opportunities to provide additional security for their families.  

Growing Wealth Through VA Loans

After approximately 10 years in the Air Force, I bought my first home with a VA loan and became intrigued by the success and growth of the housing market. After a divorce, I needed financial help and began renting (house hacking) my...

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The 3 Reasons to Own Rental Properties Within an LLC

Jun 25, 2017

If you want to be a military real estate investor, you need to protect yourself. Most people never think about investing within an Limited Liability Company (LLC). Years ago, I definitely thought it was not necessary. In my imagination, it was an incredibly difficult process that was something that only big companies had to do. This is simply not true. 

LLCs are a fairly new legal business entity created in Wyoming in 1977. The unique aspect of an LLC is that it provides a combination of liability protection and also acts as a “pass through entity” for tax purposes. It is the perfect entity for real estate investing.

LLCs have exploded in popularity since their beginning and are the new standard for Real Estate investing.

The three big reasons for owning a rental property within an LLC are: Tax Benefits, Privacy, and Liability Protection.

Tax Benefits:

This is one of the biggest reasons why Real Estate Investing is such an incredible wealth builder.

When properly...

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Automobile University

Jun 11, 2017

Automobile University - The way I learn

The number one question is always, "where do you find the time?"

I have almost completely stopped listening to music in the car. I treat my commute every day as if it was a college course. Listening to the news or some other dramatic time-wasting content does not cut it anymore. I have become highly selective about how I spend that precious daily hour.

The funny thing is, I always thought that the only way for me to learn something is by taking notes. Something I realized about myself during flight school is that everyone can learn through repetition. For example, for a while it was difficult for me to understand all the details of owning a rental property within a Limited Liability Company (LLC). But after listening to several podcasts explaining why it is important, the concept and all of its supporting arguments began to sink in.

The following list of three podcasts are my "go-to" for real estate investing information.

  1. If you want to hit...
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The 5 Reasons Why Real Estate is the Best Wealth-Builder for Members of the Military

May 22, 2017

Military Real Estate Investing – The 5 Reasons Why Real Estate is the Best Wealth-Builder for Members of the Military

 

Real Estate Investing in the United States is magic. Investors from other countries often disregard any additional resulting taxes and invest in our real estate market. It boggles their mind that our system is so profitable. If you or your parents were caught up in the 2008 crash, you are probably on edge about real estate and that is completely understandable. However, all it takes is arming yourself with knowledge of the system to be ready to capitalize on the next market crash instead of simply surviving or even drowning amidst all the hysteria.

There are FIVE specific aspects of real estate that show why it is a fantastic way to build wealth. Each aspect is reason enough to take the plunge, but when properly combined, the results cannot be overlooked.

  • Leverage
    • This term is thrown around so often, it has almost become a buzz word. The problem with...
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