All Forum Posts by: Tyler Schochenmaier

Originally posted by @Greg Moran:

@Tyler Schochenmaier, right now I'm in a house-hacking situation in a DC row house, but that took a large chunk of my available investment capital. We love the area (for potential appreciation, for access to Shaw nightlife, and for the more authentic feel of the "historic" neighborhood). I'm also active duty AF, stationed at Bolling AFB, so I'll be happy to chat with you. I had a similar ("tired of paying rent to someone else's passive income") mindset.

One note of caution is that home ownership comes with a bunch of additional responsibility, and so your decision MUST factor in all the work associated with the upkeep and maintenance of the property. I know some folks that own rental property, but still live in an apartment because "not wanting to pay rent" is less of a motivation than "wanting to start making passive income!" good luck with your PCS!

Thank you for the advice.  I sent you a connection request.  Would love to pick your brain a bit if you have a few minutes.

Originally posted by @Marian Huish:

Welcome @Tyler Schochenmaier! There's still some pockets close in DC/VA, depends on your budget and neighborhoods you're comfortable living in!

That is good to know. I've seen a few opportunities out there but will need to have my own place to live in first.  Not the easiest market to enter...I'm getting tired of giving my money away as a renter for the past 7 years (lifestyle generally drives this....sadly). 

Originally posted by @Cassidy Burns:

Welcome!  House Hacking is a great strategy in Washington DC.  

That is my going in thought.  Entry prices are quite high in the area and given most people are there for 2 years max, many are looking to split a place!

Greetings.  Finally got my assignment notification and I'm being moved from England to the Washington DC area to work at the Pentagon.  I'm a single captain with no kids or pets and looking to buy my very first home :)

Looking to live-in flip or house hack a 3/1 SFH/townhome within public transit to the Pentagon.

Seems like outside I-495 in Virginia has some potential...but home are quite expensive. See there are some foreclosures out there too as possibilities. Depending on timing, the market, and what's available, I am interested in BRRR and investing further.

Been digging through podcasts and the forums and am excited to get started!  If anyone would like to connect, that would be great.

v/r

Tyler

@Gary White I am originally from Warren County (Norwalk) area so I am relatively familiar with the metro. Not from a real estate investment perspective but know the area and have a few contacts. 🖒

@Anthony Wienke best of luck on your commission. I'm told overseas investing is a nightmare. So many regulations. Claiming taxes (also careful for any clearances you try to maintain)...bank accounts etc. The banks don't recognize your credit history unless it's from their country either so good luck on financing. I know people who have bought houses here but most are married to locals.

@Brandon L. thank you for the articles.  I'll be sure to read into them.  One of the biggest challenges I'll have is finding a good agent and contractor to add to my team.  As soon as I find out about my next assignment (assuming the DC area but waiting for confirmation) I'll be far more aggressive in starting the process.  Definitely need to set some specific SMART goals. Have some decent short/mid/long term goals but nothing specific yet.  A lot will depend on where I end up I think and then also knowing that I will be expecting to move in another 2-3 years. :-\

@Justin Windham tank you for the heads up.  I'll dig through the rest of the site this weekend.  I downloaded the app as well so I'm mobile now too.

@Ryan Rominger thank you for the note. I'll definitely keep it in mind. Intimidating as I move around every 2 years but also an opportunity I think! Mostly about building the right team... really looking forward to digging in!

Hey everyone, my name is Tyler and I am a 31 year old active duty officer in the United States Air Force.  I'm single with no children/dogs and have only ever rented.   I'm now through my 12th podcast and have purchased Rich Dad Poor Dad and Long-Distance Real Estate Investing (Greene's book).  I currently live in the UK and am expecting to move to the Washington DC area in the middle/end of 2019.  I am looking to purchase my first ever home and hoping to live/flip or possibly buy a multi-family and house hack to figure this real estate game out.

Short-term goals are to build a reciprocal process to buy/flip and/or BRRRR 10 properties by the end of 2020. I'm focusing mostly on the Des Moines, Iowa, metro but with my new assignment, I can see myself trying to enter into the DC metro which I'm confident will be very difficult.

I need to spend some more time researching and building a network of like minded/motivated individuals.

Also, I'm a HUGE fanatic of football (proper, so soccer for everyone else) and have enjoyed my time here in England going to over 75 matches in the last year alone. Long term goal is to have enough passive income to purchase a flat in the Manchester City Center so I can go watch Man City whenever I want.

I'm also big into coaching football and maintain several professional certifications. It's my main hobby, however, I can see this taking priority very quickly.  Just need to execute the first deal. :)

All the best and good hunting!