First time home-buyer questions

dstark
Sat, 04 Feb 2012 13:26:17 +0000

To own a residence with a friend…I don’t like it. What if the friends have a falling out. One wants to move and the other doesn’t? One wants to fix up the place one way…the other doesn’t? One wants to sink oney into the place…the other doesn’t? What happens when one gets a girl friend? What happens when somebody loses a job…gets sick etc?

If your son wanted to buy an investment property with a friend…after accumulating enough savings…I think that would be ok…

I kmow there is a fine line here…but there is a line.