Need Help structuring a deal

[Ed Allen]

I need some input - Here's the issue:

I want to buy a property in Denver (I know it's late) both for my own investment and to help my nephew get started. I had wanted a duplex but there aren't really any.  Do I - ?

1. Buy an SFR and add ADU or try to find a splittable lot and build two or a duplex? Not sure I can swing the financing for this...

2. Help him buy it for 5% down - What is best way to structure this kind of arrangement?

Thanks for any help!

[Matt M.]

It's not to late. Now is prime time while most people gear up for the holidays. ADU will set you back $175k+, so I'd say pass. Forget building right now as labor costs, etc are $$$.

I'm not sure on your relationship, but helping him with the 5% would be my choice. Then let him rent out a room or two to get used to being a landlord and reduce his payment. 

Start small in a new market and go from there. Good luck!