Hunter Oliver served in the Marine Corps from May 2013 – May 2017. He is unique because he had completed a house-hack before enlisting in the military! With a background in construction work, Hunter is able to buy and rehab properties at a discounted rate.
This allows him to increase the cash-on-cash return for his investment, and build more capital for the next property. Hunter has a pretty cool story, and I look forward to letting him tell it in more detail on our YouTube Channel soon! Follow Hunter on Instagram @hunt0250
Questions and Answers
1. What motivated you to take action, and invest in real estate?
The reason I decided to take action and invest in real estate, was so that I could own the asset at the end of the term, unlike a lease, where every dollar spent in rent you will never see again. Along with the ability to “House Hack” and live for free by way of renting spare bedrooms out to roommates! Let them pay your rent!
2. If an E-1/E-2 walked up to ask for your advice and you only had a few minutes to give them your best tip, what would it be?
Pay cash for an older reliable car like a Toyota, Honda, or Nissan. Cover transportation cost(s) first, because these can be a massive expense and set back if done wrong. After transportation is taken care of the military pays the rest, food, housing, healthcare, etc. Save and invest every dollar after that! In one four year enlistment, if done right you can have 10's of thousands of dollars sitting there ready to jump on a real estate deal!
3. What is one thing you wish the military had taught you about real estate investing/finances early in your career?
A. Live far below your monthly income, save and invest the rest for your future.
B. Make a monthly budget. Figure out where you are spending too much money. Next month fix the problem and move to the next area that you want to improve. Repeat!
4. What makes the Hunter Oliver method of investing in real estate unique, and/or successful?
Simple everyday actions add up in the long run. Start with small real estate deals and work your way up, building your knowledge and network. You do not need to know everything about everything… use your network, tax accountant, realtor, mortgage broker, find a mentor or role model that has been there and done that, learn from them and their mistakes. You will become successful!
(Here are my tips on building your team!)
5. What is one resource (book, course, website, etc.) that you would recommend to anybody getting started in real estate investing?
Dave Ramsey Books– Awesome for getting your personal finances together to set yourself up to buy real estate.
The Millionaire Next Door– Great book on how true millionaires actually live their lives. Spending money on assets that make money, not spending money on luxury items such as cars and materialistic items.
Grant Cardone– The 10X Rule
Bigger Pockets– Website/ Books/ Podcast. THE BEST and most current resource for personal finance and real estate investing.
#1: Increase your savings gap! – The lower your expenses, the faster you gain wealth!
#2: Make a budget! – Know where your money is going, and manage it to increase savings gap!
#3: Build a network! – You don't need to know everything, but you should strive to build a team that does!
Thank you, Hunter, for taking the time out of your busy schedule, and we look forward to seeing what the future has in store for you!