Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

29
Posts
1
Votes
Adam Schellhammer
  • Brigantine, NJ
1
Votes |
29
Posts

Buy a triplex with a partner

Adam Schellhammer
  • Brigantine, NJ
Posted

Good day BiggerPockets community,

The Background:  I am looking to purchase a triplex and I have found a partner to go in with me.  I do not plan on using it as a primary residence but my partner does.  we are splitting costs and the down payment.

The question: since it will be my partner's primary residence (but not mine), can we still apply for the FHA? If that is possible and my partner wants to leave in two years, will that affect the loan? How does this affect ownership of the property?

Thanks in advance for any insight!

Adam

Loading replies...