All Forum Posts by: Albert Weaver

Hi Julian,

First, thank you for your service.  Second, congrats on getting in the mindset of owning real estate and leveraging your military career to do so.  One of the greatest stories I heard was a soldier who was going to retire at the age of 38 with 10 rental properties completely paid off by consistently buying houses where he was stationed and put them on 15 year mortgages.  With his pension and 10 rental checks, he didn't need to work again.  Although you might not stay in the military for a full 20 years, leverage those benefits the best you can for as long as you can.  Real Estate will do the rest.  

Yes, use your VA loan and ideally use it on a multifamily property (1-4 units). After a while you can refinance out of your VA loan and then use it again. I would repeat that as many times you can. Next few years, will be difficult for many as the economy goes into a recession, but you'll have a stable job, access to great loans and in markets with heavy rental needs (areas around bases).

Good luck. 

Albert

Aloha Cody,

I'm also in Tacoma.  I've been an real estate investor for the least 15+ years with experience with rentals, remodels, new construction and ADUs in the area.   Feel free to ping me if you have and questions or just want to chat with someone as excited about real estate as you are.   I experienced first hand the power of real estate so always enjoy chatting with new investors to help them do the same and it's always good to communicate with like-mind individuals.  

Thanks,

Albert

I've always believe that is was a wasted of time for newbies to worry about BRRRR when they don't even own a house yet. I thought I was the only one who believed this. I hear too many people saying they want to get into real estate and want to know now to begin BRRRR'ing, but I'm always saying not to worry about the strategy. Just get your finances in order, buy your first house with the plan to turn it into a rental in a couple years. Then buy another primary when you can.

I love the BRRRR strategy, but it's not the easiest way for newbies to get into real estate.

Has there been any meetings with this group?  I'm interested in joining the discussions if you are meeting on a regular basis.  I'm an investor in Tacoma area but work on 2nd and University.