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Updated over 3 years ago on . Most recent reply presented by

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67
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23
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Nicole Harrington
23
Votes |
67
Posts

working with your partner/spouse

Nicole Harrington
Posted

I am considering having my husband fund part of my deal. There are some times though we do not see eye to eye, and he analyses everything to death. I still want to keep this project in the family, and was wondering if there are any suggestions out there for contracts to write up for these situations? to just make it clear who does what and has what to say. I know if he sees it in writing on paper we'll be much better off. and both know what our responsibilities are. 

  • Nicole Harrington
  • Most Popular Reply

    User Stats

    741
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    Kathy Henley
    • Rental Property Investor
    • St. Louis, MO
    424
    Votes |
    741
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    Kathy Henley
    • Rental Property Investor
    • St. Louis, MO
    Replied

    @Nicole Harrington Think this through, Nicole. If he weren't your spouse, would you choose him for a business partner?  There are so many decisions to make when rehabbing or choosing tenants, hiring and firing contractors, choosing ceiling fixtures and coming up with more money when the unexpected happens. Would there be stress if you worked together?

    Why 'keep it in the family'? It's just money. Make it your way and share it with the family.

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