Hi everyone I'm Laura Adams and you're listening to the Money Girl Podcast.

This is the second episode in a two-part series about how to buy a home with someone else.

In part one, I covered ways unmarried and married co-buyers can legally own property and what

to know about getting a mortgage. In this episode you'll learn how to create a

property ownership agreement that prevents future

misunderstandings and protects your finances no matter what happens in your

relationship.

Buying a home. in your relationship.

Buying a home or investment property with a domestic partner, friend or business associate can be very exciting.

But it's also a serious leap of faith.

What happens if you don't agree on how to manage the property?

What if one person has an unexpected financial hardship and can't pay the mortgage or wants to sell out?

What if your romantic relationship turns sour and you break up?

These are the kinds of issues that need to be worked out

when you commit to buying real estate with someone else. Otherwise you risk

getting into fierce arguments or even a lawsuit down the road.

The best way to avoid problems is to create and sign a property ownership agreement

before you commit to a real estate purchase.

While anticipating every possible disagreement with a co-owner

might be impossible, especially when the future looks bright.

Here are five major issues to flesh out in a property ownership agreement.

Number one, ownership percentages.

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