Question about holding and renting out properties.

**sdavis2702** · 08-05-2007, 01:47 PM

Hey everyone,

I am an active duty US Army soldier. I have been in 4 years and in those 4 years I have gone to and come back from Iraq twice. Well this time I got lucky and I get to go to Korea in October (i don't usually consider that luck but atleast I won't get shot at). I will be gone for a year and my wife will be here at home in our apartment.

Here's the deal... I have been reading like crazy, asking questions like crazy, and studying the same so that I can get involved in real estate. I am interested in wholesaling property and also rehabbing. I just don't feel like I have much time considering I'm leaving in 2 months. I can wholesale a few but those aren't gonna have cash flow for me.

I got the idea to buy a home before leaving and holding it for 1 to 1 1/2 years. I will be gone for one year and i don't leave for 2 months so that's the time frame I'm considering. What would be the best option for me? Should I rent out the place? I won't have the money to pay the mortgage on my own I don't think. So for you experienced investors... what would you do? I would like to make a nice profit monthly as well as in a year or so. Can anyone give me their expert advice?

**jimkimmons** · 08-05-2007, 02:15 PM

Though these evaluation tools may look a bit daunting, your real estate investment success for rental property is dependent on understanding them. Really, only about three or four hours should do it.

**sdavis2702** · 08-05-2007, 04:56 PM

alright thanks again Jim. I'm gonna check those out first thing monday!

**jaschoenly** · 08-22-2007, 08:45 PM

A Rent To Own may be a great option for you as you will get a down payment and a "tenant" that has some skin in the game. Meaning they have reason to take better care of the place. You can also set up for their rent to go directly into your bank account. There are services that do this, but if you call your bank they can talk you through it as well.

Best Wishes,

Josh Schoenly