Structuring fha loan with partner

[Brian Brusich]

Situation: sister is eligible for fha loan but lacks funds to close or pay a down payment. I found a duplex that would be a nice start for investing that we could partner on.

I’m looking for advice to structure a deal where she takes mortgage in her name, I pay all associated fees and am put on deed.

Since this place won’t cash flow with only one rent I would pay the difference allowing her to save up capital for a year for her first deal.

Is there a smart way to structure this, should we take the fha and cashout refi in a year allowing her to start a house hack on her own in the future?

Is there anything I’m not considering?