Also, your subsidized (by the rent) mortgage payment is building equity every month.

The new project is a knockdown and new construction build.

By understanding and correctly calculating the numbers, finding the right properties, and building a strong team, you can successfully execute this strategy and grow your real estate portfolio.Good luck with your investing journey!

Thanks Account Closed i want to build at least a $7k/mo passive cash flow. so thinking MFH is the fastest and best way to do that. 

My suggestion as someone who currently has 6 fix and flips and 5 new builds in progress throughout Dade and Broward is to fix and flip anywhere the numbers make sense.

Particulars:1) 1st SFH rental property cash flows $400 and we have a 2 year lease agreement that ends in 2025. 2) 2nd SFH I currently live in, I would rent out and probably experience a negative cash flow of --$100 cash flow for first year, break even 2nd year, and build little cash flow moving forward.

Every first time homebuyer is advised to avoid a building with foundation issues. 

The owner of the property owns it outright, other than it is in a family trust, which is not my problem.  

I've listened to enough podcasts to KNOW that I have to build the team first before EVEN putting a contract on a property.

Get rid of debt, build a budget, and save.