I had not heard this Term. Thanks for the info!

@McDonaldResidential

3 ай бұрын

You’re welcome!

Super valuable video. Im starting the process to buy a place with my sister who I've rented an apartment with for the past 5 years. Tenants In Common is a term I hadnt yet come across, seems like thats the next thing im researching.

@McDonaldResidential

Жыл бұрын

Glad this was helpful for you! Where are you buying?

I’d be very keen to see an information session like this for Australians - we have different tax rules (our principal residence attracts no tax benefits {unless we claim it for work business purposes} for example). So I’m keen to hear more about possible problems but also benefits of buying a property with a friend.

@McDonaldResidential

Жыл бұрын

Sounds like that would be more helpful in your situation!

@gregcoogan8270

Жыл бұрын

you must have property taxes in Australia. I believe that is what is being referred to in the video. Under normal circumstances, an owner of a property pays property taxes. US and Australia legal system is based on English Common Law so it is probably very similar in regards to owning property.

If buying a duplex with my cousin, each living in their own unit, do we each take out our own loan and would we each qualify for FHA on our part?

@McDonaldResidential

6 ай бұрын

One mortgage

Constructive feedback - pick up some lavalier mics! This was useful information, thanks for sharing

@McDonaldResidential

6 ай бұрын

you're welcome

T

@kathleenconnolly9021

10 ай бұрын

Oops, thank you for the advice

@McDonaldResidential

10 ай бұрын

you're welcome@@kathleenconnolly9021