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Updated almost 4 years ago,
Advice on purchasing half a house.
it’s time for my sister to buy a house it’s 420k she can’t qualify because of down payment. I have cash I need to invest. How would you go about doing this? My thoughts are I put down 150k to buy half ownership wish buys me a instant 60k in equity. Anything after purchase price of 420 we split. My sister would make the payments/ repairs and taxes. Thoughts thanks