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Updated over 3 years ago,
Partnering with a friend on our first property
I’m just getting started in real estate and will be looking for my first property soon. Particularly a duplex, triplex or fourplex. My friend and I share the same goal in wanting to house hack, and we’ve discussed partnering on our first deal. This way, we can get started sooner by putting our money together and also assume less risk by sharing the risk together. We’ve discussed using an attorney to write up an agreement/contract for us. Can anyone share their thoughts on this? How do you go about finding an attorney? What are the pros and cons of this kind of partnership?