Answers by Isabel Rodriguez

Honestly, in this economy I get why people do it. It’s not a bad idea as long as there’s a solid exit strategy, but that alone isn’t enough. You also need clear agreements on finances, responsibilities, and what happens if situations change. For example, you could include a clause where if someone wants out before 5 years, there’s a defined buyout process, and after 5 years the property gets sold and equity is split. Having those terms clearly written can prevent a lot of issues.