Then sadly that extra job won't be enough.

I was wondering if I bought, say, 3 rental properties at $100k each putting very little down ... is there any benefit to me besides having the renters paying my 3 extra mortgages?

When I have an LLC what kind of extra insurance will I need?

I am considering stopping paying extra money on my own home, and putting it toward real estate.

There is no earning interest like there is with a tax lien.

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

My goal as a real estate investor is to purchase at least one property per year and earn $8,500/month of passive residual net income through rental properties from SF and multi-unit housing.

In addition to this $100 per unit per month, I EARN another $100 per unit per month by doing the management and maintenance myself.

Thank you for pointing that out.By the way, my 30k came from an online business I had for a year, and I feel the pain of putting down 20% on my house, but it enables me to live close to campus for free and put a little extra cash in my pocket at the same time.Now I am just looking for creative ways to make money in real estate and avoid those 8 dollar an hour jobs.thank you for your response!

While you didn't provide nearly enough information, it's unclear that you can even afford house #1 so getting into more property sounds like it could be a recipe for disaster.More simply put, if you're not in good enough financial shape to bring an extra $15k to the table to sell house #1 *and* put enough down on this newer house that you want to buy, then you're not in position to buy this newer house period - let alone own 2 houses.