All Forum Posts by: Ibrahim Alanqar

@Brent Coombs : thanks for the input, I appreciate it. I looked more into it and it seems better , from a business stand point also, to separate business loans from personal home loans. Thanks again Brent !

@ Brent , thank you for your input. The properties I am looking at do not need major repairs and many are bank owned- foreclosures. There is cash to go for investor loans with 20% down, but thought to see the option of going as a first home buyer so the ROI (at least for the first property) is good. I understand that trying to do this several time will raise red flags for the lenders, but what if once or twice only before going in with more cash? That’s basically what I am asking for- will this once or twice sell of a home-owner loan less than a year will result in any penalties (besides the gain tax)?

Thank you guys ! In my case, being upfront with the lender would work, but I had to pay the wholesaler fees cash to be able to have the contract with the original home owner.

Hey everyone, I have a question about what happens if I intend to sell my very first home within 6 months. The thought was to use the low downpayment offered for home buyers, buy a rehab , fix and sell. I know there may be a tax on the capital gain, anything else could become an issue? Would I be fined for doing so? Any consequences on the realtor? Thank you all !

Good morning everyone, Quick question as I am still new in the real estate world. Can I buy wholesale deals with financing and keep the cash for rehab? I read the forums and it seems to be possible, but most the details I found are for the seller. For me as a buyer, what do I need to do to get an approved financing for a wholesale deal? Thank you

Thank you all !! I appreciate your support :)

Reason I am starting at the midwest not where I live, because I am a little more familiar with the rental market in KS/MO... To start my investment journey I am looking to start small - houses within a certain price range ($40-$50k) with minimal repairs - that will provide good ROI when rented out.

Good morning everyone and happy holidays ! I wanted to introduce myself - my name is Ibrahim Alanqar. I work in Orlando, FL as an HVAC engineer. I am very new here, and I am very excited. I am looking to start my investing journey in the Buy-and-hold market mainly in the Midwest- starting with KS and MO.