House Hack Opportunity

[Kyler Cook]

Hey Everyone! Just came upon a good opportunity, and really want to hear your advice on it. My grandparents raised my cousin, and they have an inheritance for her as if she’s their own child. They recently decided they’d like to gift some of the inheritance early, but they want her to invest it into real estate. They’ve asked my wife and I to help her find a good deal and then split the duplex/triplex/quad with her. As well they want this to be mutually beneficial for my wife and I. I’ve done a couple of years of research, and have been saving for my own house hacking down payment when this circumstance came up. They’re going to give my cousin 30k to get in.

How could we set this up so that my cousin benefits from this, and my wife and I do as well? How would you go about using this 30k so that it gets the most use?

[Benjamin Seibert]

@Kyler Cook you could go with a BRRR property. Gives some aspects of flipping and traditional buy and hold so you and your cousin could both learn along the way. If calculated and purchased correctly these properties can leave a good bit of room for error as well. A great way to start investing and increase the velocity of your money (like @David Greene likes to say)