All Topics / Finance / setting up a partnership

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  • Profile photo of landt64landt64
    Participant
    @landt64
    Join Date: 2004
    Post Count: 166
    February 18, 2005 - 12:08 pm

    Hi,
    my friend and I have decided to start buying properties together and have no idea how to go about setting up the finances. Could anyone give us some ideas on what we would have to do?[confused2]
    Thanks
    landt.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 19, 2005 - 1:40 am

    You would simply apply for loans jointly. However, you would both be responsible for the whole debt, not just your share. So if he/she just stops paying, you would be required to do so.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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