Skip to main content

Should Friends buy a House Together?

So me and a couple of my friends, 5 to be exact (there could be more but we're still figuring it out), are thinking about buying a home. We've established most basic things but I'm still worried on how this whole entire thing will go down in the future. I know that eventually most of us will move on and decide to eventually move out but then what happens to the house? Will one of us end up keeping it, will we rent it out to other people, sell it again? I'm just worried it may cause some sort of issue. If someone where to keep the house they'd have to pay back all the other people. Or if we end up selling it, we'd have to divide the money we got from selling the house between all of us. It's a lot. Now I'm just wondering is buying a home is a smart move or not. Should we just rent a home/apartment? Sorry if this doesn't make any sense, we're all pretty new to real estate and what not. We appreciate any feedback!

submitted by /u/Otaku-Taco
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/k35fal/should_friends_buy_a_house_together/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/