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Reply to "Would you buy/share a retirement condo with friends?"
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[quote=Anonymous][quote=Anonymous]Anyone done this? Successfully? Did you write a contract?- consisting of what rules and stipulations? A couple friend of ours asked us if we would be open to buying a condo in Naples, Fla. we’ve been friends with this couple for 20 years, our kids use to hangout together when they were little. I told my DH I don’t think it’s a good idea. First, We aren’t ready since our kids are still in high school, theirs are in college. 2) I don’t like having to reveal our financials to them, 3) We would have to do construction to renovate the bedrooms to be the same size with a master bath 4) Would need to have rules about guest usage, namely our kids, 5) Will situation to name a few worries/considerations. [/quote] Depends on friends but likely not.[/quote]
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