Updated almost 6 years ago on . Most recent reply
House Hacking with additional investor partners
Three friends and I are super excited to begin our RE investing journey together via multifamily 4-plex properties in Las Vegas. We have each committed to be equal investors (25% each). However, if its possible to reap the benefits of house hacking (FHA financing w 3.5% down), i would be willing to occupy one unit in the property, me being the most local to Las Vegas. Is househacking and investing with partners mutually exclusive? I don't have the best credit and would probably need one of my partners to assist in qualifying even for an FHA. But does FHA allow co-signers other than the occupant of the property? In other words, is there anyway to househack and get my partners involved in the investment as well in a structure that makes sense for us? Thanks for any guidance, BP!