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Updated almost 7 years ago,

User Stats

13
Posts
1
Votes
Kirby Elliott
Pro Member
  • Pittsburgh, PA
1
Votes |
13
Posts

Buying a Residential Multifamily Property with Friends

Kirby Elliott
Pro Member
  • Pittsburgh, PA
Posted

Hello! I've been a member of Bigger Pockets for a couple years but have been inactive for a while. I haven't done any deals yet but I plan to this summer/fall!  I live in Southside in Pittsburgh, PA. I'm wondering if anyone has had experience buying a property with friends and living with them. I've read a few articles and it seems possible - as long as you go to a real estate attorney and get a written agreement. Ideally we would live in one unit of a duplex/triplex/quad and rent out the others. I've rented with a few different roommates over the last few years so I'm at least comfortable with that. I know investing would be vastly different. Could anyone give some general advice on investing and living with friends and the pros/cons of this strategy? 

Thank you!

Kirby Elliott

  • Kirby Elliott
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