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Updated about 3 years ago on . Most recent reply

User Stats

33
Posts
24
Votes
Da'Shawn Murphy
  • Investor
  • Cleveland, OH
24
Votes |
33
Posts

Have A Cosigner Or Go In Alone?

Da'Shawn Murphy
  • Investor
  • Cleveland, OH
Posted

Hey BP! I wanted to ask for an opinion, especially if anyone has been in the same position. Recently graduated college and will be starting work soon, so soon after I will be in position to purchase a property. The options I have would be to go in alone and get a duplex to at least get started and have the ability to rent out the other side. The other option would be to have my grandmother cosign on a loan to have the opportunity to get a 4-plex. However, she has more current debts than I do and we would have to structure how the cash flow would be broken down between us.

I am curious on what your opinions are on which strategy seems more feasible or better for starting off?

Thanks

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