All Forum Posts by: Justin Deshaies

 I apreciate the answer 

Ill try to answer your questions, 

I want to invest were I live and intend to live after college. I currently go to school in Montreal so the market doesn't really interest me there for what i could pay

when I say I can get the all the money its just that it's not like I need for my potential partner to chip in but I just think that he should chip in, at least a little bit so that he would feel more "invested" in the project. To be clear, the lender is in the family and he is pretty flexible if I can say. I would put 0 down

I hope it's more clear

 thanks for tip!

I am on my way to buy my first property as a 20 year old student. I really want to have a partner because I am not near the property all year round (I study a couple hours away). I found someone that I think would be a good fit because he is firm, trustworthy and he is able to work manually quite well. He also lives near the property and in his mid 50's. I am not sure of his financial situation but it is not really a problem because I can get all the money from my lender that I need. 

I want to give him incentives to work with me but I am pretty sure he doesn't want to spend a big sum of money into the property.

My idea is to ask him to pay 5% of the property and get 10% of the property. I would also make sure that he doesn't sell his part for at least 3 years.

What do you guys think of this arrangement? I feel like it is a good deal for both of us but like I said, it is my first time and I don't want to shoot myself in the foot.