All Forum Posts by: Jake Czaja

I’m partnering with someone on my very first property. It’s a house hack in Buffalo, Ny. We would like to continue to buy properties and want to take advantage of 2 low money down loans.

We just got a house under contract and my partner is taking on the first loan. I want to make sure I have an agreement in writing. I have found general partnership templates online, and joint venture templates. Would one of these forms along with a notary suffice to ensure we split the property 50/50 on all closing costs, Income, maintenance, and the sale of the home even though I’m not on the loan?

Or would you guys recommend I contact a lawyer to draw the agreement up for us?

Any help would be greatly appreciated! Thank you for your feedback!!

@Dan Weber

Thanks for the response Dan! The buffalo double market is extremely competitive right now. Typically just a handful of houses meeting my filters and they’re selling in a week tops. It’s crazy! The double I looked at today was fully occupied and both tenants wanted to stay. I am unfamiliar with the eviction process but both tenants are month to month. Is raising rents a plausible option for me? Thanks again Dan!

Hi everyone, I’ve been a podcast listener for years now and I’m finally in a position to buy my first property here in Buffalo, Ny. Most of the homes I have looked at have existing tenants. How can I buy a home and make sure I can live in one of the units?