Dear Monty: Tips to buy and share a personal residence
Reader Question: My friend and I are thinking about buying a home together. We each have saved enough to pay 20 percent down on a $150,000 home, but by pooling our down payment, we could buy a $300,000 house. We may even invite a third person to join us. We live in a high-value market, and a $150,000 home would mean a long commute. We believe prices will continue to rise and by going in together, we can avoid the commute and start building equity much sooner. Is this a good idea? […]
