buying with a mate

Discussion in 'Loans & Mortgage Brokers' started by Zine, 20th Aug, 2015.

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  1. HUGH72

    HUGH72 Well-Known Member

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    Sounds great now but.... 3 years down the track your friend has a new gf, oh they are getting married. Oh he needs funds to buy a new ppor, then he wants to sell.....
     
    HUGH72, 20th Aug, 2015
    #21
  2. Perthguy

    Perthguy Well-Known Member

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    Cross your fingers that it is a good time to sell! :p
     
    Perthguy, 20th Aug, 2015
    #22
  3. bonanzawealth

    bonanzawealth Well-Known Member

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    bonanzawealth, 21st Aug, 2015
    #23
  4. AusMover

    AusMover Well-Known Member

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    Melbourne
    Hmm... How about friends forming a small partnership firm in the "developer" category... So, essentially a small business...

    Partnership would have equal stakeholding by both friends.... and the property would be bought in the firm's name...

    Would this option be disastrous as well?
     
    AusMover, 21st Aug, 2015
    #24
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