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Updated almost 9 years ago on . Most recent reply

User Stats

87
Posts
49
Votes
John Fabros
  • Real Estate Agent
  • Washington, DC
49
Votes |
87
Posts

Two (Unmarried) Veterans VA Loan House Hacking

John Fabros
  • Real Estate Agent
  • Washington, DC
Posted

A buddy and I are looking at making an offer on a three-unit in DC as owner-occupants (occupy two, rent out one). We'd been mulling the possibility of some kind of arrangement like this but this property coming onto the market has accelerated our plans. Was curious if anyone had a draft agreement they'd be willing to share that might cover similar territory? (i.e. expense/revenue sharing, basis and changes of ownership percentage including buy-out, one party's inability to pay, what happens when one of us moves) Obviously we'll be consulting a lawyer for a final agreement, but we'd like to do some upfront brainstorming.

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