Partnering up for a house hack?
Hello BP,
I recently had a buddy of mine reach out to me about an opportunity to purchase a multifamily home in the Bay Area. It's a duplex located in the South Bay. The first unit is a 3BR, 2 BA and the 2nd unit is 2BA, 2 BA. The idea is to do an owner occupy/ fix & flip with 10% down payment with a sofi loan that has no PMI. I am a bit skeptical about structuring this deal since it involves him, his significant other and myself. Has anyone constructed a similar deal before?