Real Estate Investor in Norfolk, Va

Rental Property Investor · Norfolk, VA · Member since 2019 · 23 posts · 7 votes

What's up BP crew, I've been a member for a few months and decided to make my first post. 6 years active duty military in Norfolk, VA, and transferring to Pearl Harbor, HI later this year. I've been learning a lot through BP podcasts and books and decided to pull the trigger. Currently working on closing my second SFH in Norfolk before I head to Hawaii where I hope to find creative ways to invest there and continue in Virginia! Always looking to connect with other investors and share info!

Chris

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Charlie CameronBusiness Member

Investor · Niceville, FL · Member since 2017 · 450 posts · 366 votes

Welcome @Chris Wheelus. Go out there and crush it man. You can still invest in Virginia, especially since you have a feel for the local market. There is a great BP podcast about an Air Force guy in Korea buying 20+ SFHs in Alabama. I buy multis out of state since I PCSed from the Midwest to Florida.

Best of luck and let me know if there is any way I can help!

The RAL Room Assisted Living Mastermind

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David Pere
Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
6y
@Chris, I just left Oahu in June, would be happy to help you connect to some solid investors out there. I used to host a meetup, and there are several good ones to check out!
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Charlie CameronBusiness Member
Investor · Niceville, FL · Member since 2017 · 450 posts · 366 votes
6y
Welcome @Chris Wheelus. Go out there and crush it man. You can still invest in Virginia, especially since you have a feel for the local market. There is a great BP podcast about an Air Force guy in Korea buying 20+ SFHs in Alabama. I buy multis out of state since I PCSed from the Midwest to Florida.
Best of luck and let me know if there is any way I can help!
The RAL Room Assisted Living Mastermind
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Chris Wheelus
OP
Rental Property Investor · Norfolk, VA · Member since 2019 · 23 posts · 7 votes
6y
@David Pere that's awesome, Oahu sounds like the place to be. Would love to connect with some investors/meetups too! Btw, checking out your podcast on VA loans now, great stuff!
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Chris Wheelus
OP
Rental Property Investor · Norfolk, VA · Member since 2019 · 23 posts · 7 votes
6y
@Charlie Cameron absolutely man. Next step is to learn how to buy out of state like yourself. And eventually get into multis!
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Kevin Sack
Rental Property Investor · Clovis, NM · Member since 2018 · 118 posts · 55 votes
6y
Originally posted by @Chris Wheelus:
@Charlie Cameron absolutely man. Next step is to learn how to buy out of state like yourself. And eventually get into multis!

I love the power of multis! I've only been a distance investor and am investing in an areas I've only visited a few times. Biggest hurdle is building your team and getting to know the market. You already have a leg up by being a local investor before moving away. You should have no troubles continuing to invest in VA!

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Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
6y
Welcome to BiggerPockets Chris and best of luck investing!
Podcast Guest on Show #121
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Patti RobertsonBusiness Member
Property Manager · Virginia Beach, VA · Member since 2016 · 2k+ posts · 2k+ votes
6y
Did all you Military peeps know that the VA loan limit Is being eliminated as of 1/1/2020? Almost every article I read about it focuses mostly on Jumbo loans. The real benefit will be the ability for those who are able to move often to keep buying and living in a property for at least a year, then moving on to buy another to start it all over again. It's a pretty huge change for you guys!
757-472-2547
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Taylor Hudgins
Real Estate Agent · Member since 2018 · 209 posts · 115 votes
6y
Best of travels to Hawaii Chris! Always feel free to reach out to us Virginia folks if you ever need a hand in your out-of-state investing in the future.
Maybe you can find some other great spots to invest in while you're in Hawaii!
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