Buying a 4 unit with an investor
I would like to invest in a 2-4 unit property so I can "house hack" however, I don't think I will be able to come up with a down payment for a property in LA. However, I think I may have already found an investor.
I have good credit, solid income and qualify for an FHA loan.
My questions are:
1) What would be the best way to make this work? if the investor let's say put the down payment.
a) The loan would be under my name so how would the investor make money?
b) The investor suggested I take care of the payments and then I can pay the investor back.
Has anyone has experience with this?
Thanks