All Forum Posts by: Kellen Bradford

 That's interesting... How does section 8 work if I was to go that route? Do they pay me a certain percentage while the tenant pays the rest? Also how do I go about my homes qualifying for section 8?

I see a lot of homes in my city in lower income neighborhoods. 25k-40k homes. I could see myself purchasing 3 homes at least and renting out for $650 each to give me a $1950/month income . Sounds GREAT to me but scared of the idea of running into trouble with tenants in that area. Any advice on how to handle it? 

Or I can buy 2 homes in somewhat better neighborhoods and rent for $750 a month and take the lower income

Looking towards buying through auctions sometime in the next year and want to learn as much as possible before hand. Would propertyshark be a good site to view liens, 1st, 2nd loans etc. Basically any issue before bidding on a home up for auction?

thanks 

I'm 29 years old and work a regular 7-4 shift 5 days a week making just enough to get by. i bought a home 4 years ago that is worth double now and looking to sell just to profit the cash and start investing into rental properties. I'm guessing a good 100k to invest. I live in casa grande, Arizona. I was hoping to invest into 2 older homes maybe 60-70k each and finance whatever i need to cover the rest. Live in 1 home while i fix them both up to rent and eventually use that rent money to purchase a new home for me and my family. 

The goal is to make enough money just from the 2 rental homes to cover my monthly mortgage and etc. and maybe invest into a 3rd rental home in the future. 

I'm new to all this and would love someone to give me a step by step plan and information on best ways to make this happen.