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Updated over 4 years ago,

David T.'s profile image
David T.'s profile image
David T.
  • Landlord
  • from Ontario, CA
  • Member since Dec 21, 2012
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User Stats

43
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9
Votes
David T.'s profile image
David T.'s profile image
David T.
  • Landlord
  • from Ontario, CA
  • Member since Dec 21, 2012
Connect
David T.
  • Landlord
  • Ontario, CA
9
Votes |
43
Posts
Buying & Selling Real Estate

Multi-Family Loan with Friends Dilemma

David T.
  • Landlord
  • Ontario, CA
Posted

We have a group of 3 friends (including me) and are looking to buy a 4-unit multi-family investment property in California.  The property is valued at $900,000.  Does it make sense to have all 3 names on the loan application?  If all 3 of us are applying for the loan together, is there any drawback of doing so?  I would appreciate your reply on this.  Thanks in advance.

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