Great idea for a thread...
I have a decent amount stashed away for a home purchase. I was planning on buying once I got out of flight school and knew where I was going to be stationed for more then six months down the road. However, I was thinking about getting a place wherever I wind up in advanced and then just renting it out. I've been itching to get into real estate for a while since I saw a friend buy and sell 4 house over the course of about 16 months and essentially double his income for the year. This isn't what I want to do, but I really want to start building equity and have some sort of substantial asset to my name.
Now with Whiting forcing single studs to move into the BOQ, I'm afraid that might catch hold in other flight school locations and obviously dry the market up a bit.
I was wondering if anyone did this or should I just leave the cash in the bank for now.
Thanks.
I have a decent amount stashed away for a home purchase. I was planning on buying once I got out of flight school and knew where I was going to be stationed for more then six months down the road. However, I was thinking about getting a place wherever I wind up in advanced and then just renting it out. I've been itching to get into real estate for a while since I saw a friend buy and sell 4 house over the course of about 16 months and essentially double his income for the year. This isn't what I want to do, but I really want to start building equity and have some sort of substantial asset to my name.
Now with Whiting forcing single studs to move into the BOQ, I'm afraid that might catch hold in other flight school locations and obviously dry the market up a bit.
I was wondering if anyone did this or should I just leave the cash in the bank for now.
Thanks.