#39 Pros & Cons Of Buying With Family & Friends (& the #1 thing you must do before purchasing)
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
It's tempting.
Pooling your money & income with a friend or family member so you can buy a home or a better bigger home that usually wouldn't be able to afford.
Although it's a great idea at the start of the process, what about at the end?
What if one of you no longer lives there or wants to sell?
Or has to sell?
There are many things that could happen and not all of them turn out great for the relationship.
In this podcast, we cover what you should do, and what to be aware of in two different scenarios.
- Buying with a sibling or friend
- Buying with parents
It's very likely that you have considered one of these two options so knowing what to look out for is essential.
All of the three boys here at Tanta have brought with a sibling in the past so we know more than enough on this topic as well as doing mortgages for multiple people in this situation.
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