Heroic Investing
Welcome! If this is your first time visiting Jason Hartman's website, please read this page to learn more about what we do here. You may also be interested in receiving updates from our blog via RSS or via email if you prefer. If you have any questions about first responder finance feel free to contact us anytime! Thanks!

Real Estate Investing While Active Duty with DealCheck’s Anton Ivanov

Episode:

Guest:

iTunes: Stream Episode

In today’s episode, Gary Pinkerton interviews the creator of DealCheck, Anton Ivanov, about his journey into being an “accidental landlord” and how he does not expect it to be his full-time endeavor. Anton also talks about DealCheck and shares that he created the app for real estate investors to analyze properties and has a good-sized portfolio, but still holds down a W-2 job to get further along in his journey.

Announcer 0:04
Welcome to the heroic investing show. As first responders we risk our lives every day our financial security is under attack. Our pensions are in a state of emergency. A single on duty incident can alter or erase our earning potential instantly and forever. We are the heroes of society. We are self reliant, and we need to take care of our own financial future. The heroic investing show is our toolkit of business and investing tactics on our mission to financial freedom.

Gary Pinkerton 0:39
Hello, and welcome to Episode 132 of the heroic investing show. This show is a podcast for first responders, active duty members of the military, retired EMTs firefighters, police officers, veterans of the military, entrepreneurs, and really anyone with a W two job that is looking to increase passive income, freedom of their time, to be with family to work on that business grow that business that inspires them. And today’s episode is an awesome one. See, we teach America’s heroes how to build passive income, build their startup business, and safely grow wealth through real estate and other alternative investments. And that’s what our guest, Anton ivantsoff is going to talk about today. He is a veteran from the Navy, and I’ll talk about that in a moment. But he also started a very, very successful online software business in the real estate world. And he’s going to talk about how he did that how he bought real estate and started a company and became extremely successful in just a few short years. I think it’s these kinds of inspiring stories that are perfect for this audience, but also are what we need continuously, at least once a week, reminders that this stuff is not that hard. And it’s not that crazy of an idea. You can stop making the drudgery drive to work every every week, every Monday morning. Listen, I’ve been in your shoes, and I left that track. I drove for five years, three hours each way on the weekends to a job that was good. I was very proud to do my military service at the Pentagon on the Joint Staff. And my time at the Naval Academy absolutely loved that I absolutely hated the commute. And the commute was personal choice. I mean, it was something that was needed for our family, for my bride to be able to go after her pursue her career for our kids to be able to be around their friends and to pursue the education and sports that they wanted to pursue where we live here in New Jersey on the shore. So I mean, yes, it was personal, we could have made a different choice if circumstances had led to that. But bottom line is that we all have these things we do when we’re in a W two job that is not a perfect fit. And you have the ability to turn into a perfect fit. And that’s what we try to talk about on this show. And I think you will be amazed by Anton and his story. And I think it’ll be tremendously inspiring for you. So a little bit about Anton before we launch into our discussion. He’s a buy and hold investor. He lives in the San Diego area with his wife. And he was actually born in Russia and moved to the US when he was 15 years old. He served six years active duty in the US Navy. And most of that was served in Japan. He was on amphibious ships. And then about the time he was nearing the end of his tour the Navy he said that he really became interested in real estate and the idea of passive investment because his true passion in life was to build a software business. He wanted to teach himself programming. And he wanted to start building software programs. And he has created an extremely successful business doing that. But along the way, he had to build some passive income. And so in five or so years, he and his wife have just simply by living extremely frugal lifestyles while still working full time. They were able to grow a rental portfolio of 35 units, and about $11,000 in monthly passive cash flow. That folks is tremendous. Right? That is in five years, he’s created something that would take 35 years in the military to create as a pension. You know, he says we didn’t do any creative financing strategies. They simply just lived. As I said they were focused and had high savings rates live pretty frugally, and were able to just save money for each subsequent purchase and I also mentioned he has a company. He’s the founder of an extremely successful software company called deal check. And he has a great pardon the pun but a deal for us that you should check out, hey, I did that on on on purpose. And it wasn’t a good one. His company is a popular property analysis tools software, in the real estate markets. And they have over 50,000 active users seized by real estate investors by agents all over the world. And it’s quickly becoming the most popular way to in a short order, analyze rental properties, flips commercial properties, and make no smarter investment decisions. And so for our audience, he’s given a code to try deal check at 25% off the normal subscription price for the pro version, like many applications, you there is a free version. But if you do like what you see on the free version, then you can sign up for do check Pro with 25% off of that subscription, and the code will be in the show notes. But it is hero to five off a gr o to five o FF. So please do go check it out, check out the free version, I think it’s pretty fantastic. And if you like what you see, then when you sign up for the Pro, which is not very expensive. And then you remember to put in that hero 25 off code. So I think again, I could not have picked a better or been referred by my great friend Craig, a better person to then Anton to talk to this audience about how to build up the passive income how to launch from your W two job and start a company. So I mean, he’s still in his w two job, actually. But he’s certainly he’s there because he loves to be there not because anyone says he has to nor because his finances force him to do so. He’s there because he likes what he’s doing and programming there and wants to continue to perfect his company. But he’s having a great time with deal check. And he’s having a great time with his real estate. And that will certainly come out as you listen to the two of us here in this interview. So please join me and enjoy this discussion with an amazing, amazing, Perfect Fit Guest for our show. Anton Ivana.

Gary Pinkerton 7:18
So everyone, thanks so much for joining me. And as I said in the introduction, we have a special guest with us today. He hails originally, originally originally from Moscow, Russia. And believe it or not, he’s like one of us. He’s a heroic investing qualifier. He served in the military. He’s also big into real estate investing. And I think you’re going to really learn a ton from Anton. So first of all, Anton, thank you so much for spending time with us and welcome.

Anton Ivanov 7:44
Thanks, Gary. It’s great to be here. And it’s an honor to get on your show. Awesome. So

Gary Pinkerton 7:48
Anton, as I mentioned, was a fire control technician in the US Navy spent a lot of time in a place that I spent my entire deployment in actually two or three of them, Japan, so were you stationed physically in Japan on a ship that came out of Yokosuka

Anton Ivanov 8:02
actually was Sasa Bo sassy little kind of down south yell was on the LHD down there first the Essex and then it whole swap with Sonoma shard. So I actually got an original three year tour down there to Sasebo, Japan, and then I extended for two more years and basically ended up doing most of my six year contract out there.

Gary Pinkerton 8:24
What was the years there? Oh, nine

Anton Ivanov 8:27
was a I joined in oh seven. So this was Oh, eight to 2013.

Gary Pinkerton 8:33
Wow, that’s amazing. So that covers a period when my ship was in Sasebo for about two weeks, and my entire deployment over there on Tucson. So I don’t know if you guys ever went when sub hunting but probably not.

Anton Ivanov 8:45
Not yet. When we did more, yeah, more marine support, kind of a lot of exercises. But, you know, it sounds like we might have crossed paths there. At some point.

Gary Pinkerton 8:55
Yeah, I’m sure we did stuff that we won’t talk about on this radio. Well, that’s awesome. And Sasebo such a beautiful place. I absolutely love that some historic memories have taken my crew up to Hiroshima and Nagasaki museums. Yeah, really humbles you as an American, to think about the power of war. And personally, for me being a guy in command of something that could unleash that kind of stuff, making my crew aware that we don’t this is not just a paycheck, you know, and some of them actually, after my change of command came up to me or afterwards, you know, took a moment to say, you know, they really remember that discussion. We had that trip we had something that they appreciated it and changed their perspective on their mission and, you know, their commitment and what they did. So I appreciate you bringing bringing back the memories of Japan and Sasebo in those amazing museums. I love the people in Japan, I’m sure you probably had a pretty similar experience.

Anton Ivanov 9:45
Yeah, there were probably some of the nicest kind of most respectful people or as a nation I’ve ever met. Yeah, great time, had wonderful experiences. I kind of did some traveling around the country, up north to Tokyo area. A few times and he loved that you know me and my wife sometimes joke that if we didn’t live here with would buy a little house somewhere in Japan countryside, I moved back there.

Gary Pinkerton 10:09
Yeah, it’s really unfortunate what happened and, you know in world war two and then getting caught up with some egotistical leadership, you know, and, and but it happened across the world it was a crazy period of time I still meet people, World War Two veterans or just you know, direct descendants of them that are very bitter against the Japanese people. And it’s it’s interesting that in my time in Hawaii, I would be at the Arizona Memorial. And over here, Americans, you know, my age or younger, that still could not believe the Japanese would come visit that site, almost as like they had the opinion that the Japanese were gloating. But I’ll tell you why. When I went to Nagasaki and Hiroshima, none of the Japanese responded to that. In fact, they came up to me and thanked my crew for taking the time to come in, understand what happened. So it was really a totally different perspective, I gained a tremendous amount of respect, I already had a tremendous amount, but gained a lot more when I went through that experience. So you came back in 2013, you had the you had a rental property already, or you had a property and you kind of started learning out of defaults, really about the idea of real estate.

Anton Ivanov 11:15
Yeah, so what happened as I was serving in the Navy, right around kind of, Oh, 809, unfortunately, my parents passed away. And they had a condo back here in San Diego that they kind of lived in. And I basically ended up in hurting that and becoming what you can call an accidental landlord. Yeah, you know, here I am in Japan, I didn’t know anything really about real estate was just kind of getting started with my finances and investing and kind of the TSP and those sort of things. And suddenly, I have this property. And I almost sold it. Actually, I, you know, at the time, I was just thinking that was the easiest solution. But talk to a few folks. And they convinced me that hey, you know, it might not be such a bad idea. So why don’t you keep it. So I actually did keep it and started renting it out remotely. Now, you know, being in San Diego with high prices here and not so high rent the cash flow, and it wasn’t the great, but it was cash flowing a little bit. And it gave me kind of firsthand experience with being a landlord, working with the property manager and especially doing it, you know, remotely because the property was in San Diego and I was in Japan. So gave me a lot of experience from the landlord side. Unfortunately, I kind of skipped the whole property acquisition part of it. So when I got back in 2013, and got out of the Navy and and I started transitioning to a more civilian life here in San Diego, I started looking at real estate, again, obviously was very interested in as an alternative investment to stocks and bonds. And I was looking for first a single family home but I decided then why don’t we buy a multi family like a duplex or triplex and live in one of the units and rent out the other. So kind of the house hacking method as many would call it. And even though I kind of had that one property already, I feel like this was really my first deal that I had to find and you know, get financing for and, and actually close on the property and do some rehab work. So that happened right around I think end of 2013 and beginning 2014 when me and my wife finally found this duplex in San Diego took us quite a while there weren’t that many properties, and most of them were to kind of expensive and want to work out investment wise, but eventually we did and moved out in into one of the units and did some rehab work learned a ton about just buying real estate finding properties kind of working with contractors closing. And we did use a VA loan on that property, which I think is obviously a fantastic program for active duty and retired veterans. So we were able to buy it with I think it was about 6% we put down so I wanted to have a little bit of equity, but obviously a lot less than a conventional 20% mortgage would have cost us and here in San Diego, I quite frankly, we wouldn’t even be able to buy this property without a VA loan because, you know, we’re looking at four or five, you know, 600,000 for a property like that and we just did not have the downpayment cash saved up at the time.

Gary Pinkerton 14:31
sure you’re looking at you know, leaving the military in 2013 you know, some of that had to do with the fact that you had a property what were some of the other thoughts about transitioning out

Anton Ivanov 14:40
so I you know I love the military I have nothing bad to say I I think it really helped me kind of grow up and grow as a person I learned a lot about myself and kind of what I wanted to do and, and finances in the world sort of thing. You know, as far as career goes, I was a fire controlman but I really look myself as kind of working on electronics. So he was comparable to like somebody who was a, maybe an electrician or an electronics technician on the civilian world. And I liked that work. But right there around towards the end of my service, I really found a passion for software development, and kind of, you know, building software applications working on some websites, Sparta was working on an online bachelor’s degree during my time in the Navy, and I had a few classes on software development and really liked that part. And I kind of made a decision that that’s what I want to do full time, you know, I want to be an engineer and specifically with software, and I didn’t really see, you know, myself kind of possibility of doing that work as I wanted to in the Navy. So I decided to, you know, transition out and try that. So, I think, for me, the Navy really was a good time. For me, it was it was an important growing milestone, and it just kind of naturally progressed as my career goals changed. And, you know, I was looking to do something different. Very cool.

Gary Pinkerton 16:06
Did you end up going to college and pursuing engineering, I know, you worked as a electronics technician for a while, while you’re building real estate.

Anton Ivanov 16:13
Sure. So I actually while I was in the Navy out there in Japan, I finished a bachelor’s degree online in information technology, so wasn’t quite engineering, but I had a few classes on software development and, and kind of other, you know, somewhat related topics. So I had a degree. And at first one, my first job after the Navy was actually working as a electronics technician for, you know, a tech company here in San Diego. And while I was there, I actually mostly self taught myself actual software development. So I built a couple mobile apps for that company, and did a few projects on the side, which kind of gave me you know, took a few kind of boot camps and online courses. So I like to think that I’m more or less self taught as far as software development goes, and that kind of grow into a full software development road, down the line that I was able to get by basically having a few of these side projects and some experience and I was able to get a junior software developer role,

Gary Pinkerton 17:17
do you currently still have a traditional web job?

Anton Ivanov 17:21
I do? Yes, you do. I, I still work full time, I keep very productive. So you know, real estate for me, I never kind of envisioned it being a full time endeavor, it was more of a investment vehicle and a way to kind of generate passive income and grow my portfolio grow my wealth. So all through this time, I obviously continued, you know, investing in real estate and buying more properties. But ever since getting out of the Navy, I’ve always had a full time job. And I think that actually played a very important role in helping my wife and I grow our portfolio rather quickly. You know, because we kept real estate on the side, and we were able to reinvest all of the cash flow from our properties. And then, you know, we had a, we live a pretty frugal lifestyle, and we try to save as much money as possible. So I kind of focused on growing my w two, my, you know, regular full time job income and save as much of that money, and combined with the cash flow from our properties that basically fueled real estate growth.

Gary Pinkerton 18:27
Yeah, so that’s some great advice right there. You know, so many people read, you know, the great works of like Robert Kiyosaki, and you know, Rich Dad, Poor Dad, and reaching Financial Freedom Day and, and things like that, and, you know, escaping the rat race. And I think too many people make that mistake of going too quickly. They’re able to get past it to, to cover their expenses, and they leap and then they find themselves a bit stuck, not having the ability to to accelerate things, and they’ve shifted to a much slower growth, because they’re using all of the profits to live on.

Anton Ivanov 18:59
Have you guys thought, yeah, I totally agree. I, you know, I’ve talked to a few folks and read on sites like BiggerPockets, about, you know, the so called full time investors. And I think that can work if you have enough scale, like you said, but, you know, if you’re just starting out, you got to consider that, you know, having just a few properties is probably going to be just, you know, a few 100, maybe 1000 of cash flow a month. And that’s not only kind of very little to live on, but if you start using up all of that income for kind of your your lifestyle, you know, food, shelter, and so forth, you can’t use it to buy more properties. So, I would completely agree with you that for new investors, you know, the majority of the growth of their portfolio will actually come from their full time job and their personal savings, not from their properties, and it will take several years and, you know, probably 10 plus units or something like that, to see actual meaningful passive income. come from your rental properties, and then slowly that will kind of take over and, and become a snowball that’s just growing on itself. But I totally agree with you. And I’ve had similar advice given to me. And I’m very glad that I kind of stayed as a, you know, having my full time career and focusing on growing my salary, even though you can say that, hey, I’m still kind of doing a nine to five. But in retrospect, that provided so much additional funds that I used to buy these properties, and, you know, me and my wife will hopefully be able to retire much earlier than the standard retirement age. And I don’t think that would have been possible if we just said, you know, let’s quit our jobs and focus on real estate.

Gary Pinkerton 20:40
Yeah, you know, and so many people are looking for passive income from real estate as the solution to a different problem, right? The problem that they’re solving is not that they love real estate and can’t have enough time with it, the problem they’re solving is I hate my job. So instead of fixing that problem, or getting a different job, or calling or working for themselves, they try to solve the problem by just not having to go to that crazy place that hate. My suggestion is work on yourself, find something that you love and inspires you more and then it’s not working anymore. And so I talk to everyone about very similar to what the two of you are, how you would I think, describing how you just did, I just talked about rental properties simply as my wealth bucket, it’s a place where I feel like I can safely store and grow my money, get some tax advantages, but it’s not the thing that gets me passionate going and stared at my properties and taking phone calls from renters that doesn’t or property managers does not get me excited. And for some people that does, and that would be a good reason to be a full time investor, I guess, doing it. So you don’t have to go to work. That’s a bad solution, in my opinion. Any thoughts?

Anton Ivanov 21:39
I couldn’t agree more. You know, obviously, there’s different ways to get into real estate. And I agree with you, Gary, that, you know, rental properties, again, unless you have, you know, 20 3050 plus units, where managing them could be a full time kind of endeavor. But if you just have a few, I don’t think rental properties is really a full time task, and frankly, is just not going to generate you Enough, enough income, you would be much better off, kind of having a full time job and doing that, and then having your properties on the side to continue growing your portfolio. Now I’ve met some people who, you know, really like real estate, and they do other things besides rental properties, like flipping or maybe wholesaling, or, you know, they’re a realtor. So basically, kind of those activities, they can bring in kind of more of a steady income, or at least larger income than rental property. So, you know, I’ve met quite a few people who, for example, flip, you know, 2030 homes a year, and that’s kind of their income, that’s their job, that’s what they do full time. And then they invest that money into rental properties, or, you know, maybe they keep one out of five that they flip. Or maybe they do wholesaling full time, or maybe they’re a realtor, and that’s kind of their job. So, you know, there are ways to kind of be all in on real estate, I guess. But I definitely think that rental properties by themselves is just not enough, you’re going to have to do something full time. And, you know, if you really like real estate, I guess more power to you. But I really enjoy software development, obviously. And I’m I’m pretty good at it. And I was able to succeed in that field in the income that really helped me grow my portfolio.

Gary Pinkerton 23:22
Yeah, that’s awesome. And so I think the key takeaway is, you know, for military members, and for first responders and police officers that are just wearing themselves out with round the clock work and lots of overtime, don’t solve the problem of the job is not a great fit right now. Or I’m getting tired with just jumping into real estate unless real estate is and I don’t mean jumping in, I shouldn’t say that way, going full time into it or quitting your job. As soon as there’s barely enough cash flow to get by on solve the problem by you know, taking a look at yourself, what inspires you and try to slowly transition your course. Kiyosaki, again wrote a great book on before you quit your day job or before you quit your job or something like that. Thanks before you quit your job. And it talks about this that he kind of promotes he always promotes things like network marketing and things like that. But having a side job, or relaunching yourself, like you did self taught, you know, for software development, so that you can go into transition into something that you’re more inspired by. So I think that that is a huge lesson. Don’t look to pass it from real estate to be a primary job. If it’s not, you know, don’t go over there for the money. If it’s not what inspires you because you’re not gonna be happy there either, I think is is it really a big takeaway, but you were successful with with software development, in fact, you created your own app, your own kind of business, if you will, called deal check, talk to us about that, because I think our listeners will be really interested.

Anton Ivanov 24:44
Sure. So actually, you know, kind of I mentioned before that when I was learning, software development, I did a few side projects, we can projects basically for me to both learn and maybe something would come out of it at the time is is what I thought One of those was deal chick, that that started as kind of a weekend project. And basically, I was analyzing a lot of rental properties at the time, you know, especially kind of while driving around on my phone and I was looking for an app where I could quickly you know, punch in the numbers and get the cash flow, the you know, cash on cash, return cap rate, all of those numbers quickly for a property, and then I could save it for later and, you know, compare them or look in my computer, and I looked around, and frankly, there wasn’t anything there that I really liked. So I ended up making deal check, which is essentially a property analysis software that you can use to analyze rental properties, rehab projects, flips, commercial buildings, it works online, so you can use it at deal check.io through your browser on any computer, or you can download the deal check mobile app for your Android or iOS, phone or tablet. And again, it’s kind of an on the go solution, if you need to quickly run some numbers, get your pro forma cash flow, you know, profit from a flip, I think it’s a great tool and it, you know, grew from a small kind of side project to almost being my full time job. But at this point, I’m, I’m still not quite transition to it. 100% but it’s, it’s more of a full fledged startup with a, you know, five employees that we have, and a really growing user base have, you know, agents and investors and, and other professionals in the real estate industry. So it’s been quite a success that I honestly did not anticipate when I first started it. But you know, I’m very happy to say that that is doing well, but more so it’s very rewarding, you know, getting emails and messages from investors who have found great deals because of this tool, and how it’s really helping them scale their business, be that a, you know, a rental, you know, kind of a buy and hold investor or a wholesaler, who needs to, you know, send professional reports to their buyers list or even real estate agents who work with investors. So, I think that that’s been really the success here for me. And the most rewarding part is hearing the stories of other investors. So I just kind of at the end, we so do check is free to use. And again, you’re welcome to try it out, just search for deal check on iOS, or Android or go to deal check.io to try our online app. And it’s free to use. But if you’d like to upgrade to our full version, we’ve set up a special code for heroic investors, listeners. So if you use the promo code, Hero 25 off, that’s h er Oh, two, five, O FF. So if you use that to kind of upgrade, you’ll get 25% off? I hope you guys check it out. Awesome. Well, thank you,

Gary Pinkerton 27:58
I spent some very small amount of time checking it out. And I can certainly see the value. Is it more for one to four family? Or does it work just as well on larger like, you know, small apartment buildings and that kind of thing? Or is it more optimized for the smaller single family stuff?

Anton Ivanov 28:14
Definitely for both, we have quite a lot of investors and we’ve have tools for both larger multifamily and commercial buildings. So you can enter a customized rent roll, you know, unit by unit with square footage and beds, baths and the rent. So you can build in a full composition of your apartment complex. And you’ll get a breakdown of you know, all of your per unit cost per unit expenses. So we definitely have both sides. You know, I’ve met both investors, both residential and commercial using our tool.

Gary Pinkerton 28:46
Very cool. Kind of back to your portfolio. Now, we’ve been buying mainly Fannie Mae, kind of conventional. And on this new CD, we’re focusing on the single family in one to four families and starting to look at maybe small apartments or something now at this point, but have you done more conventional lending so far with your properties?

Anton Ivanov 29:03
So actually, when I was at the beginning of my kind of journey, me and my wife did use mostly conventional loans as many as possible, you know, we started with the VA loan, and then we kind of use the traditional 30 year fixed mortgages on first batch of single family homes that we bought in San Diego, Atlanta and Birmingham, I always recommend those programs because you’ll get the best rates that are those conventional mortgages, there’s no hands down. So we try to maximize them as much as possible. Kind of more recently, we found out that we’re basically can qualify for them anymore. You know, we have quite a few of those conventional loans. And because of the number and because of their kind of stringent debt to income requirements, we were having a hard time buying these four plexes that we were looking at in Kansas City, so we actually switched to using commercial financing for the last few deals, you know, we’ve set up an LLC for these properties and in Missouri for these Kansas City properties, and I found a good lender who does very comparable programs, they’re about 25 year amortization, you know, 10 year term loans with pretty competitive interest rates. So definitely not as good as what we were getting with conventional financing. But again, just, you know, we got to a point where we were not able to get that financing. And we switched to using commercial loans.

Gary Pinkerton 30:31
Cool. Great. Well, that was very helpful to questions. First before I forget, Anton, and thanks again for the offer to to listeners, how can they contact you if they just want to reach out and you know, ask you a question network with you

Anton Ivanov 30:44
sure. I’m very active on a bigger pockets. I’m sure you guys are familiar with that website. So if you search for Anton ivanoff, on on bigger pockets, I think I’m the only one with that. Really Russian name. I love hearing from other investors and networking. So always happy to talk to you guys.

Gary Pinkerton  31:02
Perfect. And then one other question is just to kind of throw it to you. Is there anything about first responders, military members, that transition that we haven’t checked, or haven’t talked about that you think is, is essential to cover?

Anton Ivanov 31:14
Yeah, I did want to name one thing, you know, I talked to quite a few military members who are who are still in the military. And they asked me, hey, can can I invest in real estate while I’m deployed? Or can I invest in real estate while I’m still serving active duty? And I actually think that you absolutely can. And, in fact, there’s a few things that make military members, you know, put them in a unique position to be fairly successful. One is that already mentioned is the VA loan program. This is you know, I’m sure you guys are all familiar, it’s a special program for military members and veterans to get, you know, loans 30 year fixed loans with a potentially 0% down payment, it’s a fantastic program for active duty military or retired or veterans to, you know, start their investment journey when they may not have that much saved up. So, you know, you can buy a property with 0% down or close to that, you know, have some maybe minimal closing costs, and and then you’re you know, you have a house. And now that does come with a residency requirement, which means that, you know, you need to live in one of the units for a while, but I’ve met plenty of folks who did similar thing that my wife and I did, which means they buy multifamily, you know, maybe a two to four unit and live in one of the units rent out the other and then when they switch duty stations and maybe move somewhere else, now they have an investment property that can be fully rented. And you can even do the same with a single family home, perhaps, you know, you buy a buy a house where your current duty station isn’t

Gary Pinkerton 32:48
behind you.

Anton Ivanov 32:49
Almost Yeah, exactly. And you know, by the time you you get out of the you know, you finish your contract or you retire, you could have maybe even 10 plus properties easily that you kind of had in these various places. And in addition to your retirement check, you can have a nice, you know, rental income coming in as well. And for those who are not in the military, there is a similar program called FHA. So if you don’t have access to the VA loan, there is a another program that offers kinda similar low downpayment requirements.

Gary Pinkerton 33:21
I would just say on that one, just be careful about the FHA funding fee, make sure you factor that into the cost, because it is substantial.

Anton Ivanov 33:27
Yeah, it does come with additional fees. But you know, if the numbers work out, and you don’t have quite a lot of fun saved up at the beginning, it could be a good way to give you a way to get your foot in the door. Yeah, absolutely. And I think one other thing that I really like about kind of the military is you do have, essentially guaranteed income, so to speak. And I think that offers a great deal of security and kind of risk protection, because real estate is, you know, is is a risky endeavor, things can happen to your house, you could have some longer vacancies or you know, the roof leaks and needs to be replaced. So you can have sudden expenses. And while you’re in the military, I think, you know, you basically have a guaranteed paycheck coming in every, you know, every few weeks, and that can give you a safety net in case something happens. So while you know it’s a little more volatile, with civilian employment, you essentially can be let go at any time with the military, it’s much more secure, or so you can kind of feel it a little safer, and have that safety net of income coming in. So in case something does happen to your rental property, you’ll have the money to to take care of it.

Gary Pinkerton 34:36
Yeah, absolutely true and that a lot of their comments there apply directly across to first responders as well. I mean, not everyone but quite a few of us have, as government employees, you know, have a little bit stronger, solid foundation, we have an income that is really appreciated by the lenders, they will turn and give you terms that they probably wouldn’t wouldn’t provide somebody else. Anton as we come to a close here. I really appreciate You spending so much time with us is very gracious of you and for that offer for deal check. I think everyone should run out there and take a look at it and certainly consider the 25% discount for listening to heroic investing everyone if you’ve enjoyed the show, please give us a high rating. Anton. Once again, thanks so much for her for coming in. Join us.

Anton Ivanov 35:20
Thank you for inviting me, Gary, it was an honor.

Jason Hartman 35:24
Thank you so much for listening. Please be sure to subscribe so that you don’t miss any episodes. Be sure to check out the show’s specific website and our general website heart and Mediacom for appropriate disclaimers and Terms of Service. Remember that guest opinions are their own. And if you require specific legal or tax advice, or advice and any other specialized area, please consult an appropriate professional. And we also very much appreciate you reviewing the show. Please go to iTunes or Stitcher Radio or whatever platform you’re using and write a review for the show we would very much appreciate that. And be sure to make it official and subscribe so you do not miss any episodes. We look forward to seeing you on the next episode.