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Updated almost 3 years ago,

Bruce Overstreet's profile image
Bruce Overstreet's profile image
Bruce Overstreet
  • Architect
  • from Everett, WA
  • Member since Sep 14, 2019
  • Posts 5
  • Votes 2
  • Experience 4 Yrs
  • Investments 3
Connect

User Stats

5
Posts
2
Votes
Bruce Overstreet's profile image
Bruce Overstreet's profile image
Bruce Overstreet
  • Architect
  • from Everett, WA
  • Member since Sep 14, 2019
  • Posts 5
  • Votes 2
  • Experience 4 Yrs
  • Investments 3
Connect
Bruce Overstreet
  • Architect
  • Everett, WA
2
Votes |
5
Posts
Creative Real Estate Financing

Two Partners on Mortgage Question

Bruce Overstreet
  • Architect
  • Everett, WA
Posted

My son and a friend purchased a home together two years with both names on the mortgage.  The place is a duplex, and up until now they have split the costs 50/50.  Now, my son is married and is moving to another town.  He is exploring best equitable, fair options for either being bought out OR staying on the mortgage and being fairly compensated.  He is hoping someone on BiggerPockets Forum can provide suggestions for a viable solution.  Thank you in advance. 

Seattle, Washington
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