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House Hacking
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Updated almost 2 years ago, 03/14/2023

User Stats

32
Posts
18
Votes
Michele Granata
  • Central NJ
18
Votes |
32
Posts

Anyone well versed in house-hacking partnerships?

Michele Granata
  • Central NJ
Posted

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!


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