How to Spend Like a Sailor on the Nats Navy

While at the Air Force Academy and getting started in his career, can you tell us a little bit about your financial habits? Did you spend like a sailor on the Nats Navy? But how did that go? I certainly didn't spend like a sailors. There is quite the spread of spending habits at the Air force academy for sure.

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Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers and become a real estate investor. Just ask today’s guest!

In this edition of the BiggerPockets Money podcast, we’re joined by Evan Miller, who was a bright-eyed, bushy-tailed US Air Force cadet when he first took an interest in real estate. It wasn’t long before his childhood dream of becoming a pilot was ousted by the entrepreneurial pull of building his own real estate empire. Although his journey included a stint in intelligence and a pit stop as a certified financial planner, Evan has managed to create a portfolio of eight properties over the last eight years.

In today’s episode, Evan shares his entire story from start to finish, including his frugal upbringing, his time at the academy, and his journey towards becoming a full-time real estate investor. As always, our trusted hosts Mindy and Scott are along for the ride. Tune in as we demystify a handful of money-related topics—qualifying for real estate professional status (REPS) and its enormous tax benefits, finding exclusive deals through assumable loans, and flipping houses for a profit—even in a bad housing market!

In This Episode We Cover

How to seamlessly transition from your current vocation to a career in real estate

The value of frontloading depreciation when building your real estate portfolio

Assumable loans and how to find HUGE deals in military markets

How to flip houses at a profit in a volatile housing market

Real estate professional status (REPS) tax benefits (and how to qualify!)

The opportunities that come from surrounding yourself with other real estate investors

And So Much More!

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