Get A House Mate
 his is also referred to as a "mingle." While you may have trouble explaining to your parents that you aren't "living together," this is a good way to split the cost of buying a house.
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The legal definition for co-occupancy ownership is that there are two or more owners, each of whom occupies the property as their principal residence, and each has separate space.
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Scenarios
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Often this works for first time buyers in buildings like a townhouse where one person lives in the basement, another on the second floor and they share the kitchen, dining and living rooms.
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Duplexes (one property with two units with different entrances) and other multiunit buildings also work. Two buyers may also buy a triplex and rent out the third unit for income.
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More than four units, however, and you've moved into a commercial real estate transaction, with very different rates and terms.
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