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Updated almost 6 years ago,

User Stats

37
Posts
2
Votes
Franklin Marte
2
Votes |
37
Posts

Is it better buying a real estate property with a friend?

Franklin Marte
Posted

I’m thinking about buying a property with a friend of multiple units at least 6 units down in Florida. Don’t know exactly where yet. We’re in the process of saving up money, my credit is at about 640 and so is his but I don’t get paid as much as he does and I’d think 2 incomes are better than 1 and so is our credit scores combined to get a approval on an apartment building. What would be the best way to go about buying this property? I don’t know exactly all the overhead costs monthly with water, AC, electricity, or if the tenants would pay thay themselves. I'm new to this. Anything would help guide us. Thank you! 

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