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Updated over 3 years ago,

User Stats

6
Posts
2
Votes
Jevin B.
2
Votes |
6
Posts

What Would You do In This Situation?

Jevin B.
Posted

Hey B.P. I am a first time investor and I have a question about structuring a deal. I’m 23 years old currently renting in the Bay Area. I’m self employed and cannot qualify for a loan. I have a family member who is a real estate agent and wants to buy an investment property because her house is paid off. We both agreed to go in on a multi family property together and I will live in one the units. I currently can put in 10k-15k in to the property, but I’m having a difficult time trying to structure the deal. We have not met with a lender yet and I’m kinda stuck trying to understand how this deal will look on paper. Any tips or guidance would be greatly appreciated

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