All Forum Posts by: Brock Salgado

 I'll be moving to Washington this summer and would like to do the same. I'm sure there are some existing ones but I would not be opposed to organizing one ourselves if need be. 

Scott, you are correct about the year-term. The VA urges customers to stay in the home for a year until they sell, but the reason I say urge is because I a have heard of quite a few people selling before this year long term is up. As for a deployment or PCS (permanent change of station) I will not be penalized, but of course I will have to take that possibility into account by making a rapid exit strategy as a contingency.

 Thanks for the reply and advice. I think obviously the easiest thing to do would be to forgo immediate cashflow for a simple, low-work entry, but I am certainly tempted by fixer uppers. I have heard much on the BP Podcast about struggling to reno homes/rentals with a full time job, but this warning was also tempered by an appreciation for the lessons learned and profit earned. For my first deal I'd prioritize a simple entry or something with repairs I could learn to complete. How much work would be too much for a full time job? I suppose this question also depends on how much time I'd be willing to spend or how much capital I have available for contractors. 
 

Forgive me if this is an ignorant question, but how would that rezoning the favorability of investments in the city? I am really open to any strategy, but the reason that I focused on the house hack or MFR is because they were simple as opposed to what I perceived as increased complexity of BRRRR investments. While I personally have a fairly restrictive budget, I could perhaps partner with a friend or two to make a more costly investment work. Again, however, while willing to learn, I'm unsure if this is too complex for my first deal or not.

I'm currently in the Army and looking to start out real estate investing near Fort Lewis-McChord in Washington. I've focused in on the Tacoma market and plan on using my VA loan to purchase a home for house-hacking while I am there, but I am not opposed to other opportunities or strategies. House hacking would be ideal for me, but I only have 1, maybe 2 buddies that don't already have leases signed… I feel like this is pushing me towards purchasing an MFR, but there are very few available in the area and many of these are out of my budget. I'll either need to find some other Soldiers that are willing to live together or somehow increase my budget in order to get an MFR. What would y'all recommend when deciding between house-hacking and MFR for my first property?

What's up y'all, my name is Brock Salgado and I'm new to BiggerPockets and real estate investing. I'm currently in the Army and I'm looking to get started investing in the Olympia to Tacoma, WA areas while stationed at Fort Lewis. I have no real niche selected although I've been researching for a little while now and am leaning towards purchasing a duplex near the base or value-add while living in a single family, perhaps to rent to other servicemembers after my tenure there. I'm certainly still figuring out my plan but I'm looking forward to connecting with y'all and learning more as I go.