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Updated about 1 year ago on . Most recent reply

I Need Financing Partner For House Hack
I’m dead-set on house hacking my way into a property somewhere near the Denver / Boulder area.
I’d love to do a 50/50 split with someone looking to invest in an appreciating market. It would be a cheap buy-in for you because I can access a FHA loan for 3.5% down, and possibly a CHFA grant that allows up to $15K in down payment assistance.
I was close to getting pre-approved on my own, and had some ways to finance a deal myself up until my mom was recently diagnosed with stage 3 lung cancer😢. That being said, my money isn’t where it needs to be and I’m looking for a partner to split a small multifamily property with me.
My plan is to house-hack until I can do a cash-out refi to fully pay back the down payment / loan and use any remaining funds to reinvest into another down payment.
This could be the start of a very lucrative and long-lasting partnership for whoever is willing to jump in with me!
I can find and analyze the property myself if needed. I plan on maintaining the property myself to save money and to further familiarize myself with the process. I have the skills, the determination, and the time - I just don’t have the finances.
About me: I’m 37, currently residing in Iowa. Very friendly, attentive, goal-oriented and ALL-IN on real estate! I’ve been following BP for over 2 years now and have been a pro member for about 6-9 months.
My ultimate goal is to one day be successful enough with real estate investing that I can help my parents sell their house and get into a better situation. I’d also love to eventually be able to help my friends get housing that can not currently afford it.
I beg of you - help me help you🙏
Thanks for taking the time to read my post :)
- Wyatt N
Most Popular Reply

Are you able to qualify on your own at all or do you need a co-signer now??? You need the 3.5% down? Where is CAPEx, repair, etc $$$ going to come from? AND you want half of the split???
As an investor, you'd have to sweeten the deal quite a bit more. I'd suggest saving your own coin and going at it alone.