All Forum Posts by: Natasha Esguerra

@Dustin Leonard Oh great!! Here's hoping we both get some insight!!

Hi guys,

I'm looking to purchase a duplex (first rental property) and live in one side at least initially. My best friend inquired about being a silent partner and that he could help with the down. We're considering a 15% conventional, and we'd each do 7.5% down. My husband and I would be living in one side at least for the first 6 months, fixing it up as needed although it seems pretty turnkey. We're currently living in my mom's house and getting that ready to rent out as well which should cash flow nicely. For this duplex we are looking at, if both sides are rented out, the pure cash flow is between $348 (worse case due to CapX, repairs, maintenance) and $1208 (best case). If we live in one side for a year, then me and hubby would need to pay around $500 to cover the remaining mortgage, plus utilities and stuff which still isn't bad.

I guess my question is, if my friend puts in 7.5% down (50% of the down), how does one figure how much to pay him each month? Especially if I'm living in the one side initially and I'd be doing all the managing? What do people typically do? I'm new to investing but also definitely new to the possibility of partnerships.

Thanks so much this is so helpful! I feel less guilty now LOL!

Hi guys,

I'm so happy to be a part of this community.  I am still trying to figure out how to search for specific questions, so please excuse me if this has been asked.  I'm still VERY new to everything and this would be my first rental property/househack.

I have found a property of interest, it's a duplex, one side is 3BR/2B and the other is 1BR/1B - They are on month-to-month lease... is it still possible to obtain an FHA loan and easily get the tenant in the smaller unit to vacate when their monthly lease is up? Is this a thing that people do?

Thanks in advance for your help and guidance.