BiggerPockets Real Estate - Episode 734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/ David Pere:
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Military real estate investing is perhaps the easiest way for veterans to reach financial freedom. Today’s guest is a prime example, going from broke recruiter to “military millionaire” in just FIVE years. And get this—military real estate isn’t just for service members. Everyday investors can take advantage of certain perks, too!
Welcome back to the “BiggerPockets Real Estate” podcast! During his first seven years in the U.S. Marine Corps, David Pere was a serial spender, blowing each paycheck and saving very little money. But when a friend recommended the personal finance classic, “Rich Dad Poor Dad,” things finally clicked, and David realized the unique investing opportunities the military provided. Within four months, he had taken advantage of the favorable VA loan and bought his first house hack!
In today’s episode, you’ll learn how the military puts you in a great position to take financial risks early in your career. David takes a deep dive into VA loans, their benefits, their requirements, and what buyers and sellers should know. He even shares the best-kept secret in military investing—the Interest Rate Reduction Refinance Loan (IRRRL) program—which makes it EASY for investors to score a better interest rate!
00:00 Intro
01:14 Buying His First House Hack
05:57 Military Real Estate Investing 101
09:11 VA Loan Benefits & Requirements
14:57 Reusing VA Loans & Finding Lenders
18:24 Assuming VA Loans & the “IRRRL”
23:14 HUGE Military Investing Advantages
26:21 Connect with David!
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By: BiggerPockets Title: Broke to Millionaire in 5 Years w/ Military Real Estate Investing Sourced From: www.youtube.com/watch?v=4BhgXmRIDoo
