Parcel Or Buy Into a Property?

[Daniel Thibeault]

Hello Everyone.

My Name is Thibeault (Teebow) And I'm a new investor and I am looking to invest in the Northern Connecticut and Western Massachusetts areas.

I currently rent a garage in CT to work on my own vehicles and occasionaly friends and family's cars. My landlord has been fixing up this warehouse for the past 4 years and has rented out different people/businesses over time. Directly above the garage is a largely unfinished area that was intended to be an apartment. He asked me if I liked the area and its potential. I became very intrigued and I have a few ideas on how to invest into the area of the building.

My main concern is how could a partnership like this could work. I feel I should consult a lawyer about this im just wondering if anybody has done this wha t feels to me like a strange business deal. Should this building be Parcelled to protect myself and my investment? Or is being a co-ower of the building enough?

I would greatly appreciate any advice that is given or a pointed direction to go in.

Thank you all.