Buying real estate with another person

[thomaje]

I am planning to purchase a home with a friend of mine. As much as him and I are good friends and agree on how the home should be run, we think it is a wise idea to put our understanding in writing. Can anyone suggest or provide a template for putting our agreement into writing such that we are both mutually protected. Thanks very much.

 

[HomeGuru]

Have the attorney that will help you review the purchase contract write up the agreement.

 

[LegalBeagle]

I am planning to purchase a home with a friend of mine. As much as him and I are good friends and agree on how the home should be run, we think it is a wise idea to put our understanding in writing. Can anyone suggest or provide a template for putting our agreement into writing such that we are both mutually protected. Thanks very much.

Don't do it!! One small argument and you are in for a whole heap of trouble. Not worth it.. rent!