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Updated almost 2 years ago, 03/14/2023
Anyone well versed in house-hacking partnerships?
It seems to be a concensus amongst many investors that the most efficient way to make a first move in REI is house-hacking.
I really aim to make this a reality, however I am not able to do the owner occupant myself. I cannot live in one of the units.
I have heard numerous podcasts regarding partnerships, especially with David Greene. He would discuss how many properties he invested in with a partner, where one would take on the legality/mortgage, and he would cover the funds. or vice versa.
Can anyone advise me on how they have done a partnership or known any partnerships that worked well with house-hacking specifically???
What worked best, what worked terribly.
Dividing the responsibilities, the cash flow, the equity, etc.
I want to be able to present the opportunity with a concrete plan. Not just the deal analysis that illustrates the good deal, but a well planned partnership.
Thank you!