sydey99Participant@sydey99Join Date: 2008Post Count: 57
We have 2 free standing houses on 850 m2 land(NSW) and we(2 brothers) bought it as joint property having equal ownership share of 50% each, registered as Tenancy in Common.
Now me(already got exposure to $5 Million property Portfolio) and my brother(1st Property – 1.5 Million as Joint Property) want to purchase another property separately, but the current Joint Property loan amount is affecting our borrowing capacity.
So we plan to do sub division(Sub division will result in uneven shares) and split the title to maximize each individual borrowing capacity, but at the same time want to retain our 50% share on each the house after subdivision.
So would like to hear the experts comments on the possible solution.
- This topic was modified 3 weeks, 3 days ago by sydey99.
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