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Buying land with other party

How would we go about it say we wanted to go in on 40 acres and then possibly split up later down the road? Keep in mind both parties eventually want to build on it. We mainly don’t want one person burdened with the loans and where we both would be liable for loan payments. Maybe I am far reaching about this, but maybe someone out there has some insight? Or best to keep separate? We are just looking at costs, and cost wise it would be cheaper if both parties would be able to help with the financial burden on prime land.

submitted by /u/randomMilkness
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source https://www.reddit.com/r/RealEstate/comments/dpg9gk/buying_land_with_other_party/
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