2007-02-20 06:38:43 · 5 answers · asked by Steve 1 in Business & Finance ➔ Renting & Real Estate
Yep, just have co-signers, That would suck though!! I wouldnt recomend it.
2007-02-20 06:42:42 · answer #1 · answered by I'm 1 up on you!! 4 · 1⤊ 0⤋
Unusual but probably not impossible. Lots of variables at play here. Would all 6 live in the property? That's against many cities zoning regulations, unless you're related. Some banks may not want more than 4 people on any single loan file, I personally have never done one with more than 4, so I just don't know for sure what's available. All you can do is start calling some banks and brokers in your area and find out. Get some referrals from people you know for a good loan officer they've used, and would use again.
2007-02-20 06:55:36 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
yep, sure is but you'll need a good lawyer to draw up a fair agreement for all of you.
5-6 people is a lot to buy a house though, could lead to all sorts of trouble and broken friendships.
2007-02-20 06:47:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Like renting rooms?which is normal, or actually buying the house?which I've never heard of.
You should ask yourself if you can live with these people for let's say, 30 years.
2007-02-20 06:57:11 · answer #4 · answered by Sidetracked0260 4 · 0⤊ 0⤋
Yes, more than one person can be on the loan. Or you could get a loan under one person then create a contract with the other partners regarding payment and profit.
2007-02-20 06:49:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋