not sure how to start

**mciau** · 01-31-2008, 05:34 PM

I am thinking about investing in some property and i dont quite know how to start. I just got my real estate license in the mail 2 days ago and im atill working at this job and going to school at the same time, I know its not going to be easy and i have been thinking about moving in with my boyfriend. My question is... IF i DO decide to move in with him and purchase property with him should we purchase as tenants in common or joint tenants or should i just leave the tittle in my name?? The reason is because i dont want to end up on judge judy figting over little things, what is the best way to prevent this from happening or is there any other loop hole to this?? I was also wondering if leasing with the option to purchase is a good idea becasue my credit isnt that great!! and since im new to all of this, is there any benifits to having a real estate license when purchasing or investing in any property???

**Sean McAlister** · 02-01-2008, 05:30 AM

The best thing that you can do is to have your name on the deed as well. There really is not much you can do here other than that. You will be tenants in common.

I would suggest that you are absolutly sure that you and he are on the same page.

Sean

**Kacy.bondurant** · 02-04-2008, 10:17 AM

I would not make any financial commitments with him unless we were married. Save your heart and your money!

**Real Estate Referrals** · 02-04-2008, 12:44 PM

WOW!!

If you are experienced and know what you are doing in the real estate investment arena...now is still a very good opportune time to invest. However, your very first investment should be in your own residence...if credit is an issue...lenders have changed there acts a bit lately and it may make it more difficult for you to finance...one additional tactic I would recommend is to use private money for the first year and then just refi it afterwards...at least your asset will be seasoned by then and banks may be more interested in lending to you with poor credit scores...lastly, work on getting your credit repaired...