House hacking with FHA and a partner/investor
Hello all. I am looking to purchase a 2-3 family house to house hack using an FHA loan. I am wondering if anyone has done this but with a partner that would invest some money into the upfront costs (down payment, closing costs, repairs, etc). They would not live there and the payment would be in the form of a "gift" as it is a family member. In my market, there is little to no deals that could cashflow at all until I moved out. My question is has anyone structured a partnership in this scenario? My thought would be to split equity but I'm not sure how this would work. Thanks!