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Joint Mortgage Noob

I’m looking at using a joint mortgage (with a longtime friend, not a significant other) to purchase my first home to start my real estate investment journey.

We live/work in Los Angeles and prices around here aren’t exactly beginner friendly if purchasing alone. I figure using a joint mortgage gives me a little more breathing room for learning and leaves me with extra cash for a potential real estate dip in the near future to purchase a second investment property (almost definitely out of state though).

Anybody here have any horror stories dealing with a joint mortgage, things to look out for, positive experiences...?

submitted by /u/sdjcg14
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source https://www.reddit.com/r/RealEstate/comments/j1pjnc/joint_mortgage_noob/
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