Updated over 8 years ago on . Most recent reply
House Hacking Question
Hey BP,
I want to begin my investing journey by finding a multi-family to house to hack for a price anywhere between $250,000 - $300,000.
A friend of mine and I are considering going 50/50 on a down payment for the loan ($10-15k each) for an FHA loan.
Are there any difficulties when dealing with 2 investors?
Are there any differences when it comes to taking out a loan between 2 people?
What if he "gifted" the money to me and I took the loan out myself?
Any other comments or questions are open for discussion.
-Kevin