All Forum Posts by: Femi Ibrahim

I am out of state investor. I am about to have a relationship with my partner on ground. 

What kind of agreement can I have with him so he benefits from the relationship as well. He is a property manager, and I plan to use him to manage all of my properties after the rehab is done.

What other benefits can I give him so he can treat my business as his own? Equity, etc?

Thanks for the anticipated response.

@Patrick. Thanks for the response. I am particularly trying to be careful so as not to make a mistake starting out

I plan to purchase some investment properties. I was told by a lender that the banks would only give loans up to a maximum of 10 houses.

I am married. I plan to use the household income to qualify for investment properties. Since I only qualify for 10 properties, I plan to  use my income for 10 properties, and my wife's  for another 10 properties.

Do you all think this would be a good way to go?

Thanks for your responses.

Thanks Mark. I'll give him a  call.

I was wondering if there are any rental portfolio lenders on biggerpockets that lend to investors in Buffalo, NY.

I want to put down a 20% down payment for a rental property in Buffalo, NY.

Thanks

Thanks @Brad Smith. I intend to use this property as my primary residence. i currently rent an apartment where I stay right now. Thanks.

Hello Biggerpocket Entrepreneurs,

Thanks for always responding to my messages and giving guidance. I really appreciate.

I have a little bit of a challenge. I was able to get a motivated seller deal, but the seller is basically looking for cash buyers only. The deal is a good deal to wholesale, but I am particularly interested in the house.

It's a duplex, which I plan to buy using FHA 203k financing. Is it possible to get short term private money/hard money financing to pay the owner of the house in cash and then secure the FHA loan within a month to pay off the hard money/private lender?

I am in the Dallas/FortWorth area. This is a great deal I do  not want to pass on.

Thanks

Femi

Thanks Dakota. I accepted your connection request. Thanks

Hello,

I am first time home buyer. I need help getting prequalified for a FHA multifamily home loan. I am in Dallas, Texas. Any recommendations would greatly help.

Thanks

Femi