First Steps To Take For a FIRST TIME BUYER

[Brad Williamson]

Hello! Im located in Scottsdale, AZ and I have rented for my entire life. Short end of the story is I have begun doing research into real estate investing as a way to gain passive income. For my first purchase, I will be looking in the areas of Scottsdale, Tempe and possibly Gilbert Arizona. My plan is to hopefully find a place that is either 2 bedroom that can be easily converted into a 3 bed, or possibly just a 3 bed. I plan on living in this place for at least a year or two, after which I will hopefully be renting it out and myself moving to another place. At the moment I am unsure if I will be staying in the area or moving to another state. My first question is if I were to go out of state, how can I gain cash flow on a monthly basis and what are management techniques that go along with out of state investors? What are good websites/apps to use when searching (I am currently am using realtor.com and zillow)? Know how to find trusted realtors in the area? Know how to find a good inspector? Finally, any step-by-step guidelines/rules of the road for a first time investor.