Learn how to locate and invest in assets that yield both appreciation and cash flow even when you’re on active duty with Doug Spence in this episode as he details why he got into the real estate space as a Navy officer and how he chose which assets to invest in. Listen until the end to hear expert tips and resources that’ll help you navigate today’s real estate market.

Key Takeaways to Listen for

• Simple investing strategies to help you start your real estate journey
• Advice on finding the right property managers
• How to estimate and calculate rehab expenses for your rental property
• RV parks: What they are, how to locate good deals, and why they’re real estate’s next big thing
• How much does an RV park cost, and what are its typical rate of returns

Resources Mentioned in This Episode

• BiggerPockets
• Rich Dad Poor Dad by Robert T. Kiyosaki | Paperback
• Long-Distance Real Estate Investing by David Greene | Paperback and Kindle 
• The Military Millionaire Podcast
• Real Estate Investing Forums, Tips & Advice | BiggerPockets
• Buy, Rehab, Rent, Refinance, Repeat by David Greene | Paperback and Kindle 
• GoBundance
• Campfire Fund
• LoopNet
• CoStar 
• Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Doug Spence

Doug Spence is an active duty US Navy officer and real estate investor from Houston, Texas. He is the founder of Honor and Equity, a thought leadership platform for educating military members and veterans about real estate investing. He is a co-GP on an RV park syndication fund that is buying RV parks throughout the sunbelt, and he has done multiple out-of-state BRRRRs and flips. He owns property in Florida, Wisconsin, Oklahoma, and California and has invested in various syndications as a limited partner. He lives in San Diego with his wife, Cait, and their son Calvin.