New Investor in North East Ohio

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My name is Kristen Bratnick, and I am a north east Ohio native, with buying and selling experience in this market. Real Estate has been a hobby of mine for the past ten years, and I am now moving into a more professional role. I own two businesses that I started myself, and am now turning my hobby into a third business.

I have purchased three homes. The first was when I was 19 years old. It was a paint and carpet rehab that I purchased for $36,100 bought FHA. I live in it for three years, then rented it for three years. I have a cash flow income of $450/ month after expenses. I sold the house after the market appreciated for $74,900.

The next house I purchased was from a wholesaler from a bank repo. The house was in immediate sellable condition. It was purchased for $80,000 purchased with a conventional mortgage. The house transferred to my ex-husband after my divorce with an appraised value of $170,000 and he bought me out of my share.

The third house I purchase was a bank-owned rehab property. I purchased the house for $13,900 on an owner-financed deal, and took a loan from an investor for $7,000 to complete the repairs. The house is now valued at $85,000. I am currently living in this home, and it is almost paid off. Once it is paid off, it will become a rental property, from which I expect a monthly cashflow of $580 per month after expenses.

My current goals are to begin flipping houses full time. I'd like to flip one or two house each month. Then, I would like to begin purchasing rental properties for a more passive cashflow. I have a lot to learn, but I am eager and excited.