Multiple property dilemna

[Jacob Butler]

I was wondering what's a safe and expedient way to expand your property portfolio with low to moderate income? I'm about to separate from the military and would like to get started, i have one place semi lined up but im wondering how to move on to more, as I've gathered so far my options seem to be save up 20% for down payment or pay off my soon to be existing mortgage and use the leverage. anyone have any advice on which is better or perhaps a third option that moves things along faster?

[Mike Dymski]

Purchase a property that needs some work as your primary residence, fix it up, refinance and take your cash out, rent it and do it again with the next property.