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Updated almost 3 years ago,
Need Advice on MF - Structuring Partnership
Hello,
This is my first post here!
I am looking for a multifamily house (in SE RI). My boyfriend and I would like to invest in this together. Ideally we would both put up the down payment, and he would house hack for a year, then rent out all units after the required 12 month period.
I own my own house, and would remain in my home, so the mortgage would be in his name in order to benefit from FHA/203K loan options.
What is the best way to structure our partnership?