novice flipper, looking to build a rental portfolio

[Shameen Brown]

Seasoned DE/SARR/LAPP Mortgage Underwriter, I have flipped a few homes with family in and out of state. I have recently relocated from NJ to FL and I am ready to build a real estate portfolio. I am taking the 90-day challenge and intend on having my first multi-family home soon. I am looking to buy the ugly duck on the block that can grow equity and have stable cash flow- about $500/month. Price range is around $325,000. Also thinking of house hacking my first one, and if I do can go to about $400,000.

[Samuel Diouf]

$500 a month is great cash-flow. I’m not sure if you’ll find any deals like that in FL but I know it’s still achievable in certain parts of Ohio like Bob mentioned.