House hacking with Brother in law
Hi everyone, I'm new here and just had an opportunity present itself.
This would be my first real estate investment...my brother in law is moving to Colorado for work for the next 1-3 years and does not want to rent any longer. I am thinking of potentially co signing with him on a duplex where he lives in one side (house hack) and we rent other the other.
I could cover more of the down payment while he pays full market rent or close to, depending on how much we rent the other side for.
Am I thinking of this wrong and it's not a good idea? There's not a way for me to house hack myself because of family situation so I believe it's a way for me to house hack indirectly
Please give me all your thoughts! Thank you