Ready to do this in Phoenix, AZ!

[Ryan Moore]

Hello Bigger Pockets!

Casual lurker here ready to start some serious research and networking. By day I’m a full-time Pharmacist, by night and weekends I’m a husband and father of 1, soon to be 2 boys. I’ve spent the past couple of years learning about personal finance, and through a different podcast, I learned about BP.

No current RE experience. I have long term goals of buying and holding single family (maybe multifamily) homes to develop increasing cash flow and capital appreciation.

My current short term goals are to find a good real estate agent in the area with REI experience, and to decide if property management is the most appropriate for me to start out with.

Cheers!

- Ryan

[Grant Greene]

Ryan:

Good morning, and welcome to BP! As you're seeking out a good real estate agent, may I add something to your search?

Before you make your first investment, sit down with a mortgage professional. A good mortgage pro is going to ask you to share your short- AND long-term goals with him (if he doesn't ask and just wants to "sell" you a mortgage, this isn't the right mortgage guy). Once you've shared those goals with him, he'll help you structure a plan that will achieve your short-term goals that will yield proceeds to help you pursue your long-term goals. The best part about this is mortgage professionals don't charge for a consultation (and if they do, something's extremely shady). It's in his best interest to give you good advice that you will value and use - THAT's how he EARNS your business and his money.

If you don't know where to start (I wouldn't recommend Googling "mortgage professional"), seek out a couple of RE investors in your area who have a good track record of success and ask them for a referral.

I wish you the very best!

Grant