How did you structure it going in?
I am especially curious what protections you put in place – whether it was a contract or otherwise, and how you calculated who paid what especially if the space occupied by each was substantially different or one party contributed more financially upfront.
Other considerations like maintenance agreements, and how to handle improvements are welcome!
If you bought a house with a friend…
byu/Tall-Ad9334 inRealEstate
Posted by Tall-Ad9334
2 Comments
You dont. End of story. What you do is buy the house and rent out to your friend.
Sorry if this is unhelpful, but I can’t imagine a scenario in which that is a good idea. If you did do it, you need major protections such as an agreement as to who pays what, and what happens when one decides they want to sell. It all should be handled by an attorney.