Getting a Property Portfolio in Phoenix AZ Advice

[Wesley Dunn]

Hello to All

My Wife and I are planning to build a good long term investment in the form of a Rental Portfolio. I am new to the real estate world but I have been doing as much research as possible to better my chances at success and I am willing to learn as much as possible till the time is right to start investing. At this moment I will be talking on my own behalf since my wife will follow in my footsteps. I am currently building my credit as well as saving for my initial deposit. This is my vision I plan buying my first rental for as low as possible with a conventional loan, bringing in an income of $300. After 6 months I will buy another one bringing in the same amount. I than intend on saving this for my next big property or 2. Now I understand after 4 houses it gets difficult so I was planning to take the income of these 4 houses to finance my Jumbo loan which I would use to buy more rentals which will be able to produce pure profit. With that I plan on getting as many Jumbo loans as I can to grow my Portfolio. I am planning on getting it threw Wells Fargo as well as the Jumbo loan if not I will turn to local banks or alternative sources. Can I get some advice on my plan any and all advice will be greatly appreciated. Will getting 2 smaller properties help make getting the bigger ones any easier. I stay in Phoenix AZ

[George Krajacic]

First, I would start attending every Real Estate Investment Meetings in Phoenix area. You can find them on internet. They usually have wonderful speakers on different investment strategies and you will meet many other people with same interest. In very short time you will be ready to start investing with confidence. I would also suggest to attend David Tilney class on Single Family Home management and Master Leasing. (www.DavidTilney.com) That class will put years ahead!!

Good luck,

George Krajacic