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From: bill@hpfcms.UUCP (bill)
Newsgroups: net.invest
Subject: Re: Equity Sharing... Advice needed..
Message-ID: <17900001@hpfcms.UUCP>
Date: Mon, 13-May-85 17:24:00 EDT
Article-I.D.: hpfcms.17900001
Posted: Mon May 13 17:24:00 1985
Date-Received: Sat, 18-May-85 01:14:14 EDT
References: <159@mcc-db.UUCP>
Organization: Hewlett-Packard - Fort Collins, CO
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Nf-ID: #R:mcc-db:-15900:hpfcms:17900001:000:1139
Nf-From: hpfcms!bill    May  9 13:24:00 1985

I've never heard of a half-partner who put nothing down.  When my wife
and I were in the market for a house, our current landlords were willing
to pay half the down payment and half the monthly payment on a house we
were interested in, enabling us to get in much easier.  They would share
half the tax break, and we would live in the place.  After 5 years, we
would buy them out for a predetermined amount.

We didn't do it, because I'm a fairly conservative guy.  If you do do something
like this, make sure you're in with trustworthy people, and make sure your
financial situation can handle the ENTIRE payment should the other half
disappear sometime down the line.

Also, make sure a contract is drawn up which is ironclad - no loopholes
through which either party can escape their responsibilities.  Again, be
sure you can handle the ENTIRE cost of the house, because the other guy
could leave town, or could become financially incapable of continuing the
payments.  Don't get stuck.

However, I have no personal experiences to share.  These are just thoughts
that went through my head when I considered it . . . briefly.

Bill Gates