Advice for a novice starting out
I want to purchase a property for use as an owner occupied apartment. I would share the residence with an associate who would pay me rent which I would put towards the mortgage and other costs. I would like to get somewhat of a project home and upgrade it while living there for the next few years after which I would put it back on the market when my wife is done with schooling. I would use the money on a down payment for another property.
I am attempting to secure cash for a down payment and rehab. I have a day job to help with cists. My father and also a friend who is involved with fix & flips and rental properties are potential partners. How do I approach them?
I have been in talks with several realtor's in the area as well as lending agencies.
What's next?