Should You Buy Your First Property with a Partner or Solo? (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 10 October 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another Rookie Reply, where Tony J Robinson and Ashley Kehr answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: House hacking with a friend, can you legally do this? How to handle one tenant wanting another tenant off the lease An airbnb host changed the listing after people already booked! Looking to invest? Need answers? Ask your question here! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-625 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to the Real Estate Rookie podcast, where we tackle the real world questions
0:04.4	new and growing investors are asking every day.
0:07.5	And today's episode is proof that no matter where you are in your journey, whether you're
0:11.5	closing on your first deal or managing 20 plus units, real estate brings new challenges at every
0:16.9	level.
0:17.5	We're breaking down three powerful questions from rookies at different stages,
0:21.5	including if you should buy a property with a friend, what happens when one tenant wants to vacate
0:26.5	and the other wants to stay, and lastly, some feedback from an investor who was a guest in an Airbnb
0:32.5	that felt Duke. I'm Ashley Care. And I'm Tony J. belt do.
0:40.5	I'm Ashley Care.
0:42.1	And I'm Tony J. Robinson.
0:44.1	And with that, let's get into today's first question.
0:47.2	So this question comes from Jason in the Bigger Pocket's forums.
0:49.2	He says, I live and work in L.A.
0:53.2	and currently pay $2,750 per month in rent.
0:57.4	I have $80,000 saved up and want to buy a fourplex and live in it so I can stop renting. I have my VA home loan to use as well. I make a bit over $200,000 a year.
1:04.6	My plan is for me and a friend to go in on one together. I'd own 75% and he'd own 25%. We would put down 5%. The ones I'm looking at
1:15.3	are between 1 million and 1.5 million, and most have four two-bedroom one-bath units. In the area that I'm
1:22.1	looking for, I could probably rent them out for $2,500 to $3,000 each. My friend would live in one unit, his 25%, and I'd live in one
1:29.9	unit. Rough estimates put total monthly costs at around $9,000 per month. So each unit would need
1:35.4	to pay $2.50 to cover it. That's how much me and my friend will pay. And the $500 per month I'd be
1:40.4	saving on not renting anymore, along with the extra rent I bring them from the
	...

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