House Hacking Partnerships with FHA Loans

[Jane Sternbach]

My friend and I are planning to buy two house hacks together as our first investments in real estate. One for her and one for me. We planned on splitting the costs and expenses and potential profits evenly. We also planned to use FHA loans in order to put less money down. We originally thought we could just have one of us be on the loan and both be on the title. But it seems like that's not really possible with FHA. Does anyone have experience with partnerships while buying with FHA? How should we handle the legal aspects of it if we can't both be on the loan/titles of the properties we're buying? Are there other considerations we haven't even thought of yet?