All Forum Posts by: Samuel Maaiah

Hello, 

I am a co-investor in a new rental company that I will be starting with one partner. We plan to start small in Omaha, NE. My question is, what is the best loan to get when putting 20% down as your first loan to buy the first properties. I say first properties because ideally we would like to buy 2 houses to begin with for the first year or so. Unfortunately we are out of state investors so house hacking and FHA loans are out, so we know we will need at least 20% down. Is it more beneficial to purchase the two houses on two separate mortgages or is it possible to take out one loan that we can purchase both houses under. So basically, the question is what is the best loan to use to purchase these first two houses.

Thank you for the advice!

Sam

Awesome thank you guys for the advice. I believe I have found an investor and the financing is now taken care of. I am now trying to figure out which loan to use. My route now is to grow a rental company with my investor. We are wondering which loan would be best. Is it possible to take out one larger loan (like a business loan) to buy 2 houses or to finance each house separately with two different mortgage loans? The goal for this first year is to get two houses in Omaha, NE. We both live out of state so an FHA loan or house hacking is unfortunately not an option.

Hello everyone!

I am looking for some advice and information regarding how to get financing for my first fix and flip. I start summer break in a few days and would like to spend the summer/fall flipping my first house. My issue is financing the project. I can currently show $1500 a month in income. I am not looking to make a huge profit, more to learn and maybe make a small profit in the end. I plan for the property to be in Omaha, NE. Any advice on mortgages, down payments, and how I can get approved etc. would be great!

Thank you,

Sam