How to find partners to buy in the neighborhood?

ophra · February 2010

Hi All,

Does anyone know of a forum for people who are looking to potentially partner up to buy a small building in the neighborhood? i.e. somewhere to meet other people looking to partner up and talk about the ins and outs of doing it? I am not a broker or big time investor, just looking to upgrade my rent to a mortgage, but prefer to share a brownstone than buy one of those silly new condos. Any leads would be greatly appreciated.

Ophra

vaportrail · February 2010

buying something with a stranger=bad idea

ntfool · February 2010

You'd better have an airtight partnership agreement drafted by real estate lawyer at the ready.

eastbloc · March 2010

People do this all the time and it's fine. A good real estate lawyer is definitely in order. I can recommend one if you need.

You may also consider buying a multifamily property and renting part of it out. With an FHA loan you can put down as little as 3.5%. This can be an even better investment.

How to find partners to buy in the neighborhood?

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