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From: Jim H
Hello All.
I have read this forum for many months
but never posted. I have found that the
information posted has been invaluable!
I have a question about using property
that was acquired in a partnership.
Many years I bought a property with my
brothers. The property has increased in
value and I wish to draw upon some of
the equity to buy more investment
properties.
My question is can I use this equity
without compromising my brother’s
positions. ie If something goes wrong
and I default that the property will not be
taken from my brothers.
Thank you all in advance!
Jim
Hello All.
I have read this forum for many months
but never posted. I have found that the
information posted has been invaluable!
I have a question about using property
that was acquired in a partnership.
Many years I bought a property with my
brothers. The property has increased in
value and I wish to draw upon some of
the equity to buy more investment
properties.
My question is can I use this equity
without compromising my brother’s
positions. ie If something goes wrong
and I default that the property will not be
taken from my brothers.
Thank you all in advance!
Jim
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