If you’re in the military, consider investing in real estate.
If you’re in the military and looking to build wealth, you’ve probably come across advice on paying off debt, saving, and investing in your TSP. While all of that is sound advice, there’s another option that can yield even greater returns: real estate investment.
One of the biggest challenges to investing in real estate while in the military is the frequent moves. However, with some careful planning, it’s definitely possible to make it work. One of our clients used their VA benefit to buy a duplex in San Diego and lived in one unit while renting out the other. After ten years, they had built $600,000 in equity, thanks to the booming real estate market in the area.
While real estate investment is not without risks, it can be a smart way to build long-term wealth. If you’re interested in exploring this option further, reach out to us for guidance and advice.
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