Duplex House Hack with Partner (Recent College Grads)

[Owen Madigan]

Hello,

I am new to bigger pockets but have been set on owning a duplex for some time now. My best friend from growing up and I are back home (Boston area) from college and want to save up to buy a duplex together and rent out the other side. The plan would be to live in it for a year together then move out and have both sides rented.

We would ideally look to be buying in about a year to 18 months from now, hopefully when rates come down. It's looking like prices are going to be around $1m. Any help/advice on what kind of financing to go for (FHA/conventional/first time home buyer benefits) and any insight on how best to do this with a partner would be greatly appreciated.


Thank you!

-Owen