It occasionally happens that a group of friends or siblings will decide to make an investment together. Different members of the group bring different talents and advantages to the table. One member of the group might have really good credit. Another member of the group may be able to throw in a significant amount of money to make the investment happen. There are actually several good reasons to work together as a group on an investment property.
But there are also some things you have to watch out for. You should really carefully consider all of the factors before deciding to buy an investment property with someone else.(more…)