Investment Property with Partner in CA?
My friend and I would like to go 50% each in an investment property in California where we both live.
We want to buy a modest property for approx $ 150k and plan on renting it out.
We both have good credit and good incomes (in excess of 200k a year combined).
What kind of mortgage do we need in order to buy property on a 50/50 basis.
What downpayment would we need. We would like to put down less than 10% if possible?
advice is very much appreciated.