Anyone ever split the purchase of an investment home with a family member? We are considering a 50/50 split for an Airbnb. Curious if others have done this and if there’s anything to watch out for.

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Even with family, it’s always best to have a formal operating agreement laying out control and ownership percentages. I’d consult with a real estate lawyer - probably won’t cost more than $1,000 to draw something up

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Tons of people are exiting the Airbnb market. Can I ask why you’re looking to jump into this now ?

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Depends on the market. A lot are over saturated for sure, but some are still thriving

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Structure it as a formal LLC with founding docs. Don’t take word of mouth, even with family

Don’t do it. It’s always messy.

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