canprovidegreaterstability
Butinvestinginpropertytogethercanput relationshipsunderpressureandtestfriendshipsAs thiswillbealegallybindingagreement,youneedto makesureofyourobligationsandcommitment Let’slookattherisksandrewards
Pros
Theabilitytopoolyourmoneywithfriendsand familytoexpandyourinvestmentportfoliosooner Reducedthedepositrequiredcomparedto investingonyourown
Combiningmoneycanboostborrowingcapacity
Providesmorepropertyoptionstochoosefromin themarket
Allowseveryonetosharepropertymanagement fees,insurancecostsandongoingmaintenance
Cons
Mixingmoneywithpersonalrelationshipscanbe risky
Co-investingmeansthatyoumaybeliablefor eachother’sdebts
Conflictoversharedongoingcostscancause tensions
Co-investingmayimpactyourfutureborrowing power,assomelenderswillseethewholecoownershipasyourresponsibility,notjustashareof theloan
Whatarethestepstoinvestingtogether?
Itisimportanttosetthingsupcorrectly,evenbefore youstartlookingatpropertytogether
Thefirststepshouldbetoseekprofessionallegal adviceanddraftaco-ownershipagreementthat outlineseveryone’smutualobligationsItwillcover
Needextraspace?
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