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Updated over 5 years ago on . Most recent reply

User Stats

156
Posts
68
Votes
Dimitri Paspalaris
  • Investor
  • Rota, Spain
68
Votes |
156
Posts

Joint FHA Loan with brother going to college

Dimitri Paspalaris
  • Investor
  • Rota, Spain
Posted

So, my little brother is about to start college in the fall and I was thinking of doing a joint FHA loan where I would pay all of the money down and management fees and split the cash flow when he and his friends live their. The property is going to be a single family. Is this legal and do yal think this is a smart idea. Thanks for the help.

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