Hey all, first time posting here
A fellow permaculture-minded friend and I have had a running discussion about going in on a lot of land and divinding it up as a possibly cheaper way for both of us to get some land to work with. We wanted seperate areas to live on because each of us has slightly different ideas of how we want to use the land and have seperate families, but we had also discussed the possibilty of starting a joint venture perhaps on a shared, adjacent lot.
I was curious if anybody else had done this kind of thing before or had any advice. Especially looking for advice on the legal side as far as the logistics of subdiving a lot of land and how to ensure that if somebody can’t pay or wants to move and sell their share the other party isn’t stuck with the bill. I trust my friend, but am not looking for an intertangling web of who-owns-what that we will have to sort out some day.
Thanks yall 😃