Dear Dave,
I’m 29, and I’m about to buy my first home. My plan is to buy a duplex, and rent out the other side to help pay down the mortgage quickly. A good friend, who is like a brother to me, wants to be my renter. But I’m worried this might jeopardize our friendship at some point in the future. What do you think?
Justin
Dear Justin,
Congratulations! Believe it or not, I can still remember how exciting it is when you’re finally able to buy your very first home. I hope the process moves quickly and smoothly for you.
Now, let’s get to the real question, and how your friend plays into things. The kind of arrangement you’re talking about can work. But to be honest, I’m afraid the odds aren’t in your favor. No matter how long you’ve known each other, or how well you get along, you always