Lender · Ann Arbor, MI · Member since 2021 · 664 posts · 226 votes
11mo
Hey Chris!
Pretty straightforward, you can be the primary borrower and your friend/funding partner can go on title with you. Makes the down payment funds from him super easy to document. This could be either with conventional or FHA househacking. Regarding structuring the deal, you would likely want to discuss the partnership with a real estate attorney to put it in writing whichever way is fair/equitable to you both.