Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Co-ownership and FHA
I have a friend who's planning on purchasing a home in the next year or two. They are leaning towards going the FHA route and are interested in buying a multi-unit property if possible. Their goal is to find a 3 or 4 unit property and they will live in one of the units and rent out the other 2-3 units.
Meanwhile, I have been wanting to get an investment/rental property and we're hoping to combine forces.
So we're trying to figure out if I can invest in their property so we can all make some money off the rental units but not ruin their FHA plan... I found info on co-borrowing and co-signing on an FHA loan but haven't been able to find info regarding our specific scenario.
Any help is greatly appreciated!