I Need Financing Partner For House Hack

[Wyatt Nauman]

I’m dead-set on house hacking my way into a property somewhere near the Denver / Boulder area. 

I’d love to do a 50/50 split with someone looking to invest in an appreciating market. It would be a cheap buy-in for you because I can access a FHA loan for 3.5% down, and possibly a CHFA grant that allows up to $15K in down payment assistance.

I was close to getting pre-approved on my own, and had some ways to finance a deal myself up until my mom was recently diagnosed with stage 3 lung cancer😢. That being said, my money isn’t where it needs to be and I’m looking for a partner to split a small multifamily property with me. 

My plan is to house-hack until I can do a cash-out refi to fully pay back the down payment / loan and use any remaining funds to reinvest into another down payment. 

This could be the start of a very lucrative and long-lasting partnership for whoever is willing to jump in with me! 

I can find and analyze the property myself if needed. I plan on maintaining the property myself to save money and to further familiarize myself with the process.  I have the skills, the determination, and the time - I just don’t have the finances. 

About me: I’m 37, currently residing in Iowa. Very friendly, attentive, goal-oriented and ALL-IN on real estate! I’ve been following BP for over 2 years now and have been a pro member for about 6-9 months.  

My ultimate goal is to one day be successful enough with real estate investing that I can help my parents sell their house and get into a better situation. I’d also love to eventually be able to help my friends get housing that can not currently afford it. 

I beg of you - help me help you🙏 

Thanks for taking the time to read my post :) 

- Wyatt N

[Matt M.]

Are you able to qualify on your own at all or do you need a co-signer now??? You need the 3.5% down? Where is CAPEx, repair, etc $$$ going to come from? AND you want half of the split??? 

As an investor, you'd have to sweeten the deal quite a bit more. I'd suggest saving your own coin and going at it alone.