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GREAT way to ruin a friendship...done it, wasn't pretty.
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Fine but hopefully owners are considerate of the residents around your neighborhood.. we have someone on our street that comes on the weekends.. dog pin front yard..which dogs run loose from.. feels like the owner is at a area camp ground..community watch is zero help..
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Sounds like you have a wonderful relationship with the other couple. I only thoughts is as you both age what will happen 5 or 10 years down the road if unfortunately one person passes away and one or the other couple decides to sell?
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So, if I buy a house with you in TV I want my 6 months to be November to May every year. 🤣. But really ... “home sharing” is a terrible idea unless the other party has no intention of using the home EVER! Another poster suggested you rent for 6 months; that’s a great idea and a lot of the residents here in TV have done that prior to buying, or continue to do that. There’s a lot of flexibility to renting.
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If you value the friendship, don’t do it.
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I think this could work for SOME sets of friends, but it seems in most cases, it will end in a disaster. If you can’t afford to buy your own home, rent - much more flexibility.
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We need ownership rules in the villages
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This multi family partnership was actually presented to us when we were looking at a home on Shark Key near Key West. Its a common solution as others have posted here and works well. Our group listed the "pros & cons" and thoroughly talked it out and decided visiting each other in separate vacation homes around the country would be a better option for us. If it works for you, go for it and let the naysayers watch you enjoy a new home.
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I've done this elsewhere. Doesn't end well. Don't care how evenly distributed the time is assigned.
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If owner pays the same taxes as you. They only have one set of renters at a time. So what does it matter if its the owner...using the pool facilities..today, renter A using it next month, then renter B the 3rd month vs you using same facility for 3 months....its the same number...just different body. |
I would never buy a house or any other investment, even as an LLC, with someone other than my husband or a close family member.
Seems like you are looking for headaches. |
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Why not just rent a place in TV for the months you want.
No up keep, no repairs, no lawn service. Come when you want and leave the same. Turn key places are readily available and all you need to bring is your clothes. Quote:
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Are u nuts!
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In my opinion BAD IDEA. This is a business partnership to own a home together with another couple / friends. Too many issues to deal with and to agree upon before purchase and make certain you get a lawyer to draw up a contractual agreement. This can get too complicated to deal with every scenario that can arise????
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