kwazirr t1_j6ofp58 wrote
Reply to comment by Hoo2k8 in Is it feasible to buy a house with 3 friends for my 4 years in college (or maybe longer)? by UltimatePlayer3301
I'm speaking in terms of a legal document (with a lawyer) and yes, that would protect OP financially. As for the details of that, yes a lawyer would need to be involved. I'm not talking about a handshake and a high five.
Not sure why you're responding as if I gave them bad advice, I'm right. I appreciate your additional input though.
UltimatePlayer3301 OP t1_j6ogi91 wrote
I'm not exactly sure how an LLC works, but I think it is slightly related to this situation, could I use an LLC to evenly buy the house 25% each and with how I think they work, could say if someone wants out, another person can buy their 25% in the LLC? Correct me if I'm wrong, I am not even close to sure.
kwazirr t1_j6oio2z wrote
Sounds like a great, specific question for a post, guarantee you'll get some great advice from those smarter than I!
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