View Full Version : Sharing Property For Investment

2nd August 2010, 10:58 AM
What do you think of sharing a property for the purpose of investment? Lets say I share with a friend to buy a private house, rent it out, and then in a few years sell it when it makes money, sell it. Cos on our own, we cant afford to buy a house.

2nd August 2010, 05:32 PM
i think it's ok. but must get a lawyer to do the paper work of the percentage of shares and whether 1 party can sell the property without the other's consant etc. better put everything in black and white.

13th August 2010, 05:12 PM
It can get complicated. What if one wants to hold and the other wants to sell? Unless both of you are very easy going, I don't think it's a good idea. Even so, you'll have to be mindful as there is also no guarantee that either will remain easy going...

16th August 2010, 05:26 PM
That's a very good point McMuffin. Thanks for the input guys!

1st September 2010, 01:31 PM
yar true also. come to think about that, my friend when broke off with his gf, the girl want to sell the property they bought together, so no choice sell and i think they lost some $