RE: Of Investments, Retirement and Such
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Are your friends buying the property on speculation? Not sure how you could cash in on the investment by owning a 1/3rd. It seems to me it would need the agreement of your friends in order to cash in. You might want to consider how such a situation could stand the chance of damaging your friendship.
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No, not really for speculation. And we would subdivide the property with the specific area each one is acquiring, each having a separate deed from the original owner. So it's not a joint ownership. We'd be neighbors if we decided to turn it into a vacation place :)
Good to hear you've thought this through. 😊