For subscribers
Pitfalls of buying properties with casual friends
Sign up now: Get ST's newsletters delivered to your inbox
If you are investing with another owner, make sure both of you share the view and purpose.
PHOTO: ISTOCKPHOTO
A bitter falling-out over a $700,000 property that left two friends at each other’s throats is a stark warning of the risks of going into an investment with pals or acquaintances.
It might sound like a smart move to spread the costs and opt for the “safety in numbers” approach, but if things go haywire, they can get very ugly indeed.
