Not sure if this is the right part of the forum.
Looking at establishing a partnership with my sister and her partner and wanting to nut out the pros and cons.
As far as I can see, pros are:
Increased borrowing power - deposit and wages.
Spread out workload (in the case of reno's and finding properties).
Cons:
Spread out profits!
What else am I missing?
Would you ever consider an ongoing partnership (as in not just a JV for a specific project). Why, why not?
Looking at establishing a partnership with my sister and her partner and wanting to nut out the pros and cons.
As far as I can see, pros are:
Increased borrowing power - deposit and wages.
Spread out workload (in the case of reno's and finding properties).
Cons:
Spread out profits!
What else am I missing?
Would you ever consider an ongoing partnership (as in not just a JV for a specific project). Why, why not?