I'm looking to get my first property and ran into the strategy of using shared equity down payment assistance programs.

@Lisa Choi seams like we are certainly speaking the same language Lisa!

As utility costs rise, commercial real estate (CRE) investors are increasingly turning to smarter, more equitable ways to manage shared expenses—especially in multi-unit properties without individual utility meters.

Not all laundry vendors use the same format, language and clauses so don't assume one lease is like another.

I feel sometimes a bit 'late' to the table and woefully ignorant of the language and lingo in investing.

This is because some vendors don't let you split the payment in half for e.g. ordering appliances from Home depot.That's why the question, does IRS care if each vendor is paid equally, or just that overall expenses are shared equally when it comes time to do our taxes.

Hey BP Community,I’m actively exploring foreclosures, trustee sales, and off-market distressed properties in the DMV area (Montgomery County MD, Northern VA, and DC suburbs) for a primary residence and potential future investments.If you’re experienced with:Navigating court auctions or substitute trustee salesDealing with title risks, HOA liens, or pre-auction due diligenceSourcing off-market or non-MLS foreclosure leads…I’d love to connect and share resources, tools, or even partner on a deal.

Appreciate you sharing this too, that financing option sounds like a serious unlock for folks struggling with the down payment hurdle. 

Having a development and construction background also means I share a lot of the same language as my borrowers, which helps me assess deals and risk with a more practical lens.Happy to chat if you ever want to compare notes or walk through deal structuring.

Quote from @Tom Nagy: Thanks for sharing.