I'm moving to Fl for school, me & my bf want to buy a house together?

Only myself will move to Fl and live in the house. But my bf wants his name to be in the tittle too. We will split in half to put down payment, monthly payment, bills, etc... Of course we will have to have it stated in the agreement document. I cannot afford the house myself, so that's why he wants to help. If we break up in the future, we'll split everything in half. We are planning to buy this house as an investment in the future. Should I do this or not?

Unlike the other answerer's I think this is great idea over throwing away your money on rent. Investing in a house by two people who aren't married is very common but I believe the other answerer's are not aware that you have already decided to make a separate agreement of responsibilities towards the investment which is exactly the necessary ingredient to make this investment valid! You and your boyfriend would be no different than a corporation or LLC that invests in real estate (except that you have sex!).

The other answerer's are likely talking about experiences when an unmarried couple buy a house and then break up forgetting their commitment to the property in the process. Don't listen to them, you and your boyfriend can laugh at them after you sell the house together (or separately if you break up) while you count your net profit while they are all still paying rent!

You'd be better off renting an apartment or house for that very reason. If you two break up on bad terms it'll be impossible to sell the house. If you break up on bad terms and have to terminate a lease agreement early, you might get some bad things on your credit report, but nothing you can't fix. Additionally, if you already have good credit, one apartment with a terminate lease isn't going to bring you down too much.

Get the shortest lease available.

It is absolutely an awful idea to put both names on the title unless you two are married. I have talked to many financial consultants and all have advised against getting a house with my boyfriend. After a year of looking into that and maintaining my relationship with my boyfriend, I can see why it's not a good idea. You can have just your name on the house, or his, and have him stay with you and pay. His name does NOT have to be in the title. If you are looking for both of you to share a living space, maybe an apartment with both names on the lease? Look into it.

It *could* work, but in my experience it won't work out the way you plan. I would make certain you each have a different attorney representing your interests before you move forward. Not that the bf would screw you, but that he could screw you is my cause for concern.

I would recommend looking for a property that you plan on keeping for no less than 5 years. In that time, the market should be able to sufficiently rebound to the point where you can get your money back out of the house and make any kind of real profit.

Know what you are getting into, and ensure that your rights are protected before you do a thing.

I have seen this type of scenario go sideways so many times it's difficult to keep count.

This is too risky. No! What if you two have a fight? Or he walks away? Then your stuck with it. Don't say that won't happen because he is not married to you. He can walk and there is no legal action you can take against him.

It's never a good idea to buy a house with someone you are not married to. There are things that will go wrong--property damage, wear and tear, desire to "fix it up," etc. and that all costs a lot of money and before you know it, now there is another negative in the relationship. Utilities are costly, taxes, insurance, etc. People NEVER estimate correctly on living expenses. It's always way under the actual costs.

If you're living there, what happens when you break up and he wants the money NOW? What if he wants a home equity loan? It's half his. What if he wants a re-fi? What if he wants to move in and you can't stand each other under the same roof?

The list of negatives goes on to infinity.

This is a tremendously bad idea all around and as you said you can't afford a house on your own, just find some place to rent, save your money, and get an appropriate place on your own or after you are married.

Do not do this. If you two break up "splitting it in half" is pretty difficult. Most people find getting a divorce is easier than getting out of homeownership with another person.

this is not a GOOD IDEA......

DO NOT DO THIS.

What happens if he stops paying his half. You still have to pay (can you afford it) and he would still get half the money when you sell.

Plus you already have in the back of your mind that you may break up. Plus from your questions, you are thinking about dating other guys. This is not a stable relationship. Don't enter into this house agreement.

You are a student. Rent. What happens after you graduate? You are in a house and may not be able to move.

DO NOT BUY AT THIS TIME. And don't buy with another person unless you are in a MARRIED relationship.

Don't do it. There are laws and courts set up to divide marital property. But there is nothing for unmarrieds who jointly purchase a house. The odds are against you in this turning out well. Find a house that you alone can afford and qualify to purchase.

Your agreement document sounds great but it won't help if he decides to stop contributing his half or refuses to sign off on a sale. You would have to sue for partition to force the sale -- about $10K in legal fees. And then the property would be sold on the courthouse steps -- not the most profitable solution.