Equity Interest in a property (Denver, buy, sell, $50,000)

[2bindenver]

In some areas, where prices seem to be appreciating there is an ownership type that allows a two unrelated parties to purchase a house together. Ownership is fractional based on what percentage you put into it.

For example:

Betty wants to buy a house for $250,000. She has $200,000. She wants to live in the house, maintain it, and fix it up a little over the next 5 years.
Roger would like to invest in property, but he has no patience for maintenance, or tenants. He has $50,000 to invest.

Betty & Roger have an agreement to share in the ownership of this house. Betty will own 4/5ths and Roger will own 1/5th. Title relects the ownership as tenants in common.

When they agree to sell it they will split the proceeds along the same lines as thier ownership.

[mainebrokerman]

Originally Posted by 2bindenver

In some areas, where prices seem to be appreciating there is an ownership type that allows a two unrelated parties to purchase a house together. Ownership is fractional based on what percentage you put into it.

For example:

Betty wants to buy a house for $250,000. She has $200,000. She wants to live in the house, maintain it, and fix it up a little over the next 5 years.
Roger would like to invest in property, but he has no patience for maintenance, or tenants. He has $50,000 to invest.

Betty & Roger have an agreement to share in the ownership of this house. Betty will own 4/5ths and Roger will own 1/5th. Title relects the ownership as tenants in common.

When they agree to sell it they will split the proceeds along the same lines as thier ownership.

thiers no right of survivorship as in...joint tenancy