So my bestfriend asked me if I would co-own a condo with her, and rent it out...as a long-term investment.
My belief is that friends and money DO NOT mix. I've never had good experience with lending money to my friends...either they don't pay me back (for whatever reason) and we're no longer friends, or they pay me back a portion and things are just 'weird' between us.
But I thought investment may be different...I'm not "lending" her any money. I'll be a 50% owner of the condo, and we're each responsible for our own portion of the revenue/expenses.
Does anyone see any potential problems with this? Bear in mind that my friendship with her is definitely more important than an investment.