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Updated over 3 years ago,

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9
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4
Votes
Steven N Nelson
4
Votes |
9
Posts

Buying a property for separated spouse to live as a first invest

Steven N Nelson
Posted

Newbie investor here looking for any flaws in a plan that came to mind.  My spouse and I have recently separated and she is looking for a better place to live but cannot afford down payment for loan.  I was thinking of buying a property as an investment property and renting it out to her. I know the property she is looking at she will be able to afford, will probably be less than rent and storage fees she is paying now.  I look at it as a buy and hold as she is just paying off the mortgage for me.  Anything I may not be thinking about as a downside to plan?

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