Updated over 6 years ago on . Most recent reply
Need advice leveraging help from dad!
I am so excited to take the plunge into real estate investing, and I feel like I have a good opportunity with my dad. I just don’t want to mess anything up, but I read over and over again to just jump in.
My situation, i am renting right now with almost no savings and paying off debts incurred from a couple cross country moves chasing jobs. I’m done with that! My dad wants to help us out by potentially buying a single family house or townhouse for us to live in while we save up.
He’s not wanting to make a ton of money, and I want to make the most out of this possibility- how can I make sure he still gets a good investment out of this and how can I turn this into an opportunity for me to start off? Should we go in as partners on a duplex/house hack? Any input would help!
We are in the Salt Lake City area.