All Forum Posts by: Jaime Suarez

Thanks @Alex Deacon 

I live in Florida my investor lives out of state all he brings is cash I'll 100% manage the deal I have been searching around for properties and for example right know is a cuadruplex close to home the since to be a good deal. I'm sure I can get a conventional loan on my name and the investor provides the down payment. That's why I want to structure our relation the most legal (LLC etc.) and right way possible. I really don't know how to structure it or should pay him back I was thinking on 10-12% interest them refinance, paid him out and he will keep a small ownership in case I decide to sell later I really want a long term relationship to continue doing deals, if that make sense.

I appreciate your help.

Hello,

I have been reading and searching info about real estate for more than 2 years read every book and article. I really want to build passive income thru single rentals. I have a credit score bit over 700 with little cash but I have a friend investor. I'll like to know how can I properly structure a deal with my investor (have no real estate experience) and how can I get pre-approval taking in consideration my credit and someone else money. I already try a real estate agent and left me hanging and waiting. 

All replies are welcome

Thanks in advance 

My name is Jaime Suarez I'm born in Puerto Rico but currently live in Kissimmee FL. I'm self employed I do painting, drywall and a bit of handyman work. 99% of my work doing turn over with rental properties in the Orlando area. I also serve in the US Marine Corps for 7 yrs. I have been reading and trying to learn about real estate investing for the about 2yrs since I read Rich Dad Poor Dad. I have no experience in real estate besides buying my own house. My goal is to create cash flow thru rental and I will love to own several multi family property due to my experience working for them. I almost got involved on a real estate guru but luckily I found BP and everything start to make sense I truly love the podcast and the forums. I extremely motivated about real estate investing and believe it's just matter of time to crack code to take the next step and do my first deal. Thanks