All Forum Posts by: Account Closed

Hello,

I am trying to figure out how to structure a partnership with a LP. For context, I do not own any rental properties or have an LLC. I am looking to buy 5 properties in 2023 with some of my own capital, but most of it from a partner. How do I go about structuring this partnership to make it legal and a legitimate business?

Background info: I underwrite nearly 100 properties a day at an institutional SFR firm that went from 0 to 1000+ units from March of 2022-present. Buying all over the US so I am confident in the ability to source and find deals. Capital is the only missing component as I cannot scale as fast as I would like to.

Thanks and I hope you have a great day if you read this! 

Rob 

Hello Ben,

I am by no means an expert as I do not own my first property yet. However, I can tell you the amount of traveling nurses in the Omaha area has exploded. UNMC, Children’s Hospital, and Methodist are all quite close to each other. I personally have plenty of friends that are nurses (not traveling) who rent in the Midtown area. I don’t think there will ever be a shortage of traveling nurses in the Omaha area. 

Hope this helps. 

@Jody Sperling 

Thank you, Jody. I will certainly bank local after hearing from you, and others, that the national banks are not as beneficial as the local banks are. Wishing you success in 2022! And again, thank you for your insight.

I am thinking about purchasing a multi-family property in the Omaha area in the near future. This will be my first property and I am thinking about taking out an FHA loan to house hack. Does anybody have any recommendations about who I should get that through/how you did it? Also, I could do creative financing and get a hard money lender. I want to explore options at this point.