All Forum Posts by: Meghan Billings

I am planning on partnering with my sister who has asked about buying a college rental property for her son. How would you recommend structuring something like that? He would be house hacking it for us so we could do 3.5% down (though it destroys our cash flow so I'm not convinced it's the best option) I assume I would co-sign on the loan since he has no credit yet. Or would I just put the title in my name? Do we split the down payment? Split the cash flow or structure it more like a partner that I could buy out in a few years and pay them off with interest? Do we offer him reduced rent? free rent? Anyone have experience in something like this? If this did work, and we co-signed, would that mean I couldn't co-sign on another FHA loan if we wanted to do it again with another student?

Thank you!!

@Austin Kendell Come to the Ogden investor’s meet up tonight! 

https://www.biggerpockets.com/forums/521/topics/571692-real-estate-investing-q-and-a-hands-on-or-passive

Hey @Richie G. I am in Twin Falls, but if you got a group together to meet up in Idaho Falls, I would drive out for it! 

@Don Spafford Thank you!  I’m in the struggle between investing in good investments in an area I know (Twin Falls/Idaho) or going out of state for great investments. 

@Don Spafford are you finding very many multi family properties in Idaho Falls, or are you investing out of state more? I would love to hear your input on markets.