FHA house hack, tips discuss partnership for downpayment w/ uncle
It took me an embarrassing amount of time to fit what I wanted to say in the subject line. Now on to the topic.
I'm going to get into REI with an FHA multifamily house hack. The major problem is I don't have money for a down payment. But I do have an entrepreneur uncle who is doing really well for himself. He has always pushed my brother I to start our own business and build a lagacy for our families. So I want to ask him for the down payment money to start my REI journey.
He is coming down to visit my family on the 22nd and I want to be prepared with a solid business plan. I believe BP has a ton of information and advice that information can use to make a good plan. My question is, what are some ways to phrase my plan so that he can see benifit and little to no risk for himself. Whats a good partner plan for someone paying around 6,000 down payment for around multifamily home? Any advice or opinions would be great.