New Buy & Hold Investor Vancouver WA

[Jeremy Wehrly]

Hello everybody, I wanted to take a few minutes and introduce myself.  My name is Jeremy and I am an E-6/TSgt in the Air Force Security Forces.  I have been stationed overseas for about the past 7 years and my tour here in the United Kingdom will end in 2021. We are hoping to get stationed back home in Washington, Idaho or somewhere in the western United States.  I have about 8 years left before retirement and I am hoping to get a few more rental properties over the next few years.

I began my real estate journey back in 2012 when my wife Tiffany and I purchased our first investment property in battleground WA. It is a SFH 4 Bedroom 2.5 Bath on 2.5 Acres in Battleground WA. Initially our plan was just to keep it and use tenants to pay the mortgage down and it would be our nest egg for when I retire from the Air Force. We actually refinanced our house about a year ago and after the appraisal we were shocked that we have about $200K in equity!

I am thinking about trying to get a HELOC on my rental property which could allow me to get the down payments I would need to purchase additional properties. I have also discussed with Tiffany the possibility of purchasing a duplex/triplex and living in it for a year then moving to a new property depending on where we get stationed.

I look forward to networking with everybody and welcome any offered advice!

V/r

Jeremy & Tiffany Wehrly

[Chace Fraser]

Hi @Jeremy Wehrly this is awesome! Like @Albert Bui said the VA loan is an amazing tool to have. And what an awesome purchase in Battle Ground

@Saj Rambob I saw on your profile that you claim to be a newbie... although I may beg to differ since you have a rental in Astoria :) If you are interested in a good place to network in Vanacouver, there is a group called REVIN (real estate Vancouver investors network). It is free and they meet every other Tuesday from 12-1:30 at Gobi Mongolian Grill. I don't always make it but I'm going to try to today.

If either of you have questions please feel free to reach out!