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All Forum Posts by: Shameen Brown

Shameen Brown has started 1 posts and replied 4 times.

Post: novice flipper, looking to build a rental portfolio

Shameen Brown
Pro Member
Posted
  • Posts 4
  • Votes 4
Quote from @Shawn McCormick:

@Shameen Brown congrats on holding yourself accountable and setting goals! I wish you all the luck of squeezing out $500 out of a $325k house!! What areas are you looking in. Tampa and Orlando are both very strong demand and price, but provide some safety with appreciation and Florida overall being sought after.

I can recommend an agent for you to utilize in Tampa or if you are interested in Orlando, let me know. I'd be happy to talk through your strategy to see if I can add any value. 

Best of luck to you.


 Thank you Shawn, I am not seeing much in the Tampa/Orlando area.  I am not tied to FL, I am definitely willing to look out of state for the right deal. 

Post: novice flipper, looking to build a rental portfolio

Shameen Brown
Pro Member
Posted
  • Posts 4
  • Votes 4
Quote from @Bob Stevens:
Quote from @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.


 Go out of state, MUCH better returns at MUCH lower price points. I live in FL and do all my biz in OH. You are lucky if you get 4% net cap in FL, VS 10% ( ALL my personals are 20% ish net ) net caps. 

Good luck 


Thanks for the info Bob.  I've done a few deals in Indiana, I will have to look into OH. Any specific areas you like or any areas I should stay away from? 

Post: novice flipper, looking to build a rental portfolio

Shameen Brown
Pro Member
Posted
  • Posts 4
  • Votes 4
Quote from @John O'Leary:

Welcome to BP Shameen. I'm in Orlando not far away. Happy to connect.


 Thanks John for the welcome! 

Post: novice flipper, looking to build a rental portfolio

Shameen Brown
Pro Member
Posted
  • Posts 4
  • Votes 4

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.