My sister currently lives out of state with her long-term (10 years) bf. They are planning on coming back to our home state to be closer to family. We’ve been floating the idea of the 4 of us getting a house together. Her and bf are 30 yrs no kids and no plans on having kids. Me and my fiance currently have an apartment together,we are both 28. Our combined yearly income for the 4 of us is 220,000. My fiance and I don’t currently have children but we do plan on having 2-3. Part of the reason my sister wants to move back is because she wants to be closer to help out with the wedding and when I start having kids. We’re not planning on them movig out when we get married/have kids and just want to live together as a family unit. Not sure if others have had a similar experience that can speak on the pros/cons? Any advice is greatly appreciated!
Noooooooo
What happens if one of you breaks up? What happens? If one person doesn’t do any work around the house? What happens if one of you is an ass?
I wouldn’t even say you should buy a house with your boyfriend until you’re married .
Perhaps one of the couples should get married and buy a house, and then the other two can rent from them .
Definitely second the rent-first approach. A year together can reveal unexpected quirks and habits that might make a shared mortgage a headache.
This is a good suggestion… Look for homes that have two homes on the same lot. Maybe one bigger house with an adu? Or maybe one of you buys the house then one of you buys a travel trailer to hook up - depending on your local code.
Honestly sounds awesome. Just be sure you dig 2 graves in advance so whichever couple survives has an easier time with the cleanup.
It’s a bad idea to get a place with someone you’re not married to.
It’s a bad idea to get a place with family / friends.
But you feel it’s a good idea to create exponential risk by doing this multiple times over in the same place?
This is an awful idea that will 100% blow up in your face. When, not if, but when one or more of your relationships end then what? When you have a baby crying in the middle of the night and another grown ass man who is not the dad is annoyed then what? When the boyfriends have a disagreement, then what? When there are toddlers running around making noise annoying 2 people then what? Who’s paying for house repairs, remodels? When you are talking to her bf or your sister is talking to yours who of the 4 of you is going to get jealous? When someone wants to take a loan out against “their share” of the equity then what? When one couple decides they want to live ok their own then what?
There are so many variables, so many ways those blows up in your face. Just rent if you are going to have roommates. This will inevitably fail.
- Rent together first
- I would suggest a multi unit over a SFH. I’d say either duplex or something with an in-law suite/ADU. If the latter, make sure finances are fairly divided.
- Consult a lawyer, have everything in writing, including out clauses and how you’ll handle increased equity and potential improvements on the property. For instance, what if you really want to update the kitchen and your sister doesn’t, how do you envision that working? Or the roof needs to either be repaired or replaced, and you guys have differing opinions on which option is best. Have the hard conversations now about how that would work and make sure it’s clearly laid out in writing.
Know that the majority of the time, this doesn’t work out. You guys have to be on the same page, be good humans, and great communicators throughout this entire process. People change over time for things outside of our control, and you don’t want to be stuck in a major financial sinkhole - like a house - with someone who’s pissed off at you because Aunt Betty left you a family heirloom and your sister a pile of junk.
If u wind to wind up hating your sister - go ahead. This is an absolute recipe for fractured relationships and a financial disaster
Would love to hear what happens to them after a month 
,Anyway am wishing them best of luck 