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No. of Recommendations: 1
Not that you asked, but please engage the services of an attorney to draw up a formal agreement on this. You need to address such things as who does what, who pays what, how proceeds of sale are handled, what happens if someone wants out, etc. Spending time now discussing and settling such things while everyone's talking will go a long way to preserving family peace and assets when the day comes that there's a disagreement or someone dies.

I'd give this a day's worth of recs if I could.

Co-ownership with family can be wonderful or it can be a disaster. I rarely see anything inbetween.

--Peter
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