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Updated almost 3 years ago,
Structuring deal with a co investor using house hack multifamily
Hello everyone! My name is Jacob and i hail from the northwest arkansas area. I'm new to the real estate investing arena but i've been doing my due diligence and reading like a fiend. I'm currently looking at getting started and have my eye on a triplex. I currently have a buddy of mine that is going to be a partner with me. He's willing to be the majority of the capital while i provide a degree of capital with the remainder being sweat equity. I'm looking at possibilities of financing using as much leverage as possible. My question is, i have my eye on a local triplex for sale and am wondering how to structure the deal for me and my partner if i were to house hack this property? Or would it be best just to forget house hacking since i have a partner and try to come up with other creative financing solutions?