My first invest in Florida can I make 10% after expenses?

[Roi Horowitz]

Hello I’m 22 years old and I have 50k to invest I want to get a loan of 150k and invest in a multi family that need a rehab and do it my self.

Like buy for 150k and rehab for more 50k

After that rent it until I can sell it for like 220k

And make profit for that it’s nice after the rehab whiles I rent it it’s possible to make 10% a year after expenses?

Or I just a kid and all I’m saying is a fake dream and I will sell my *** for it?

[Matt Nico]

@Roi Horowitz

Buy a house with a 5% conventional loan. That gets you in the door for less than $20,000. Fix it up and live for free while having tenants pay it down. And keep saving your money. $50,000 can get you 2 great cashflow homes in Florida

-Matt.