Multi-Family and Apartment Investing

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Multi family co signers

Posted Jul 27 2022, 19:49

Hi I heard that when purchasing a multi family unit that if you have a co-signer they have to live there within one of the units, is this true? I’m a college student and wanted to buy a duplex or a fourplex and gage my dad co-sign because I have no income. What are y’all’s thoughts? Is this possible for multi family?

Waco, Texas

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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied Jul 27 2022, 20:37

@Cody Cavenaugh I don't believe that is true but ask a lender if they allow a non occupant co-borrower on a multi family property. 

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