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Thread: Sharing Property For Investment

  1. #1
    Join Date
    Sep 2009
    Posts
    172

    Default Sharing Property For Investment

    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.

  2. #2
    Join Date
    Jan 2008
    Posts
    560

    Default

    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.

  3. #3
    Join Date
    Jan 2007
    Posts
    181

    Default

    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...

  4. #4
    Join Date
    Sep 2009
    Posts
    172

    Default

    That's a very good point McMuffin. Thanks for the input guys!

  5. #5
    Join Date
    Jan 2008
    Posts
    560

    Default

    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 $

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