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Updated over 4 years ago,
Mortgage - 1 person, no other loans vs. 3 people, 2 other loans
I am sure that the answer is “it depends.” But, two friends and I want to start buying and renting out multi family homes. I do not currently have a mortgage, but both of my friends do. Would it be better for me to apply for a mortgage loan myself or for us to co-sign together?
Not sure if there is an answer without analyzing each of our assets, income, and debts. But, I wasn’t sure if banks tend to favor one scenario over the other. Any advice or insight is appreciated!