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Updated about 8 years ago on . Most recent reply

User Stats

9
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3
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Kevin McCollick
  • Sewell, NJ
3
Votes |
9
Posts

House Hacking Question

Kevin McCollick
  • Sewell, NJ
Posted
Hey BP, I want to begin my investing journey by finding a multi-family to house to hack for a price anywhere between $250,000 - $300,000. A friend of mine and I are considering going 50/50 on a down payment for the loan ($10-15k each) for an FHA loan. Are there any difficulties when dealing with 2 investors? Are there any differences when it comes to taking out a loan between 2 people? What if he "gifted" the money to me and I took the loan out myself? Any other comments or questions are open for discussion. -Kevin

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