Hi,
I currently live in Las Vegas but my husband and I would like to get our family moved to the Portland area in the next couple years. So in trying to combine our goals of real estate investing and moving our own family, we've decided to buy a house in the Portland area that will start as a rental but that we can eventually move our own family in to when we're ready. We would then rent out our house that we live in now. Because of our jobs, bartender and server, we want to have housing in place before making the move ourselves. We won't be making as much money as we do now in this city.
Does this sound like a good strategy? Does anyone have ideas for a better strategy? I would also appreciate referrals for an investor friendly realtor in the area and a lender that doesn't require more than 20% down.
Thanks,
Randi Schwarz
