..............

This post has been edited by phonar: Dec 22 2008, 10:53 PM

this kinda investment is the choice u wanto do....unless tht's ur future wife or husband.....property investment is a long term investment .... i think longer than u both know each other to date....
pls, think twice...even it's ur sis bro join names....

Yea. I think you should think properly on ... 'sharing' a property...esp someone which is not your 'family'. Just my suggestion.

sigh I don't have any future wife yet. And every month renting a house isn't benefit to us at all. Or should we do a legal document as a agreement in case anything happen?
what is the difference? err sorry I know nothing about housing loans.
so a sharing property will state our % of ownership in the properties?

This post has been edited by phonar: Jun 25 2007, 04:47 PM

y prepare precaution measures for Anything happen ? just don't do it.....

Because each of us have atleast RM500 of saving, and buying a condominium also a kind of investment.

'Anything' is just worried maybe one of us have passed away or something else.



Does anyone here sharing properties with friends?

This post has been edited by phonar: Jun 25 2007, 04:50 PM

There's no limit to how many names you can put on the S&P. As to the bank loan - if it's taken under your name, the bank will come after you if there's a default in payment.

It's not worth getting urself into the problematic situation of WHAT IF esp on such a long term asset.. it's v troublesome....

--Added--
IF U think ur friend and U will end up having no problems then go ahead and get it but just beware of all the legality issues *g*

This post has been edited by tinkerbel: Jun 25 2007, 04:52 PM

anything happen shud be any of u decided to hav own family n wanto sell the property n one refused to..., anything happen is when one of u got problem can't pay instalment how?

seriously, think twice....

If future spouse, then just say so. In any case, it's really x2 bad idea to join names with friends.

@ashburn98,
Even if it's future spouse it can be troublesome - what if a separation happened before the wedding even took place?!

Worst.. what if a BAD SEPARATION happened?! *g*

This post has been edited by tinkerbel: Jun 25 2007, 05:21 PM

this one can't predict la, but usually couple will buy house together when quite confirm going to marry soon....or sometimes guy buying house just love to put gf name in oso....

@yewkhuay,
You can put my name down on the S&P anytime - so as long as the house is paid.. I don't want to be left any financial burden !! KekekkeKEKekekek

u sure u wan ur name on my house? loan is under my name, so u don worry....come, we can hav Xiong Tai jor....jk..lol

@yewkhuay,
Eh U've gone off topic - want Moderator to kick u is it?!

Anyways, back to the question - it's not advisable to share and purchase a property.... MONEY is usually the root cause of ALL problems

who gone off topic 1st?

ya, not advisable....not my 2cent, my serious advice.....

@phonar,
There are other ways to 'save'. Also, U need to ask urself if ur ready to commit into such a long term loan - what happens when u decide to get married and ur friend too? Are u both gonna move in and share the home together with ur wife and built your own family there?!

one suggestion , u can buy a second apartment worth <rm100000, instalment oso around 500....then can rent out extra room oso...

Might as well rent the entire apartment, sublet the other rooms out to cover your own rental

he wants to own an investment ma......

There are other things to own such as unit trusts, etc etc.