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All Topics / Legal & Accounting / partnerships….
Hi,
i just wanted to clarify and check some points with regard to partnerships?
On a previous topic, we established that
(1) a partnership can be a problem if the 2 people have different goals and plans
(2) a partnership can be a problem if a divorce or so happens. The second person can lose some of the properties…
(3) You are assessed as having to pay back 50% of the weekly rent, but 100% of the debt, or loan (when ready to take out a new loan).
I was told that because i am looking at a partnership with a friend (not a girl-friend) more a business type of partnership, there is a chance that we would both qualify for the fhog on the same property. Now, i feel this is extremely unlikely but i still wanted to check it out.
thanks
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