Jan 14 2025 18 mins 1
Thinking about buying property with friends or family?
It might sound like a great way to get into the market, but is it really that simple?
In this episode, we’re joined by Alana, our go-to mortgage broker, to dive into the pros and cons of co-ownership. We cover everything from pooling resources to the risks involved, plus the importance of having a solid exit plan.
If you're considering teaming up on a property, this one's for you!
Episode Highlights:
00:00 - Introduction
00:55 - Why is Co-Ownership popular?
03:32 - What is tenants in common?
07:50 - Tenants in common drawbacks
11:07 - What is the exit plan?
16:06 - What about inheritance?
Got questions or feedback?
Email us: PODCAST (AT) SUBURBDATA.COM.AU
DISCLAIMER:
Please be aware that the content presented in this video is for general informational purposes only and does not constitute financial advice.
• The information provided is not tailored to your individual circumstances, and we do not consider your specific financial situation.
• It is strongly recommended to consult with a qualified financial advisor or professional before making any financial decisions based on the content of this video, as we have neither offered nor provided legal, financial, or taxation advice to the Listener, Reader, or Viewer.
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and is not authorized to provide financial services.
• Any actions taken by viewers based on the information in this video are at their own risk.
