All Forum Posts by: Jessica Piff

 My husband and I have been finding lots of deals and are interested in finding partners that are interested in 50/50 splits on turn key rental properties. 

Hi BP,

My husband and I want to find partners to build our rental property portfolio. I’m curious about the structure of partnerships when it comes to rental properties.

Specifically if someone else is financing the deal but we will be doing the work.

Basically any information on the different structures and what they entail is greatly appreciated! 

Hi, I'm new to BiggerPockets and the REI world, but very eager to get started. I've been educating myself on different markets around the country, watching hours of videos, listening to many BP Podcast episodes, reading the forums, attending the webinars and watching old replays. My husband works full time, and his job provides us with free housing, which allows me the ability to not work. I want to turn REI into my full time "job." We are looking to purchase our first investment rental property next year once we've built up enough capital to pay cash for our first deal. With the time I have available, I am continually finding great deals that I am not able to take action on so I am now looking to connect with REI in the OKC area to get the ball rolling. We don't have the capital right now to purchase a property, but what I do have right now is time, determination, and ambition. I hope to build relationships, partnerships, and a great network to gain knowledge, experience, and income with the community here on BP. I'm interested in finding potential partners in the OKC market that do not have the time to find/analyze deals, communicate with RE agents, property management, etc.

@Sam Horton Okay, that is what I was hoping to hear! Thank you!

I'm interested in buying an investment property, but want to use house hacking to get smaller down payments on larger priced homes. I've read you need to live in the house for at least a year before you can leave and start renting the entire thing. I'm curious about not being at the property the whole time. I.E. I travel for work seasonally and am usually gone for 6 months of the year. Would it be possible to have the property as my permanent primary residence even though I won't be there full time? Overall, I'd like to hear more information about buying a property as your primary residence, what that entails, and then also how to go about turning it into a investment rental property. Thank you!

Thank you for all of your responses. I’m definitely going to reach out to different lenders/credit unions to find out what my best option will be. The good news is I’m not afraid of rejection and will keep trying until I find something that will work! 

Hi,

Brand new to this site and the Real Estate World. I want to get into REI through purchasing SFH rental properties. I have enough money to put 20% down on my first property that is $80K. I am self-employed and also work in the restaurant world, which gives me plenty of disposable income and cash flow, however, it cannot be verified for long term as I just started my business this year and I move around often changing restaurant jobs. I've discovered the Non QM loans and think that could work for me, but am unsure if I can get that loan for only $64,000. A follow up question I have is, would a local credit union still approve me for the loan if I showed bank statements for the last year showing my monthly cash flow income? I hope this isn't a stupid question, I've been looking at many different websites and reading tons of blogs and forums on this site and haven't found anything that answers my specific question about getting non QM loans. Thanks for your help!