All Topics / Legal & Accounting / Opinions on buy and hold structure for 3 people

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  • Profile photo of abundantone10922abundantone10922
    Join Date: 2003
    Post Count: 10

    Hi all.

    Some friends and I are looking to buy a property together (long term hold) with a reno to rent strategy. I’d love to know what your thoughts are on the structure/entity we should consider purchasing it in? Is there anyone out there that lives and breaths this stuff and is happy to share?
    Thanks 😊

    Profile photo of TerrywTerryw
    Join Date: 2001
    Post Count: 16,213

    I have 2 separate clients at the moment who are being held back because of joint purchases with others.


    You should seek specific legal advice – from a lawyer – but something that can work in some cases is buying in single names with the other lending the deposit. After a while this will quickly eat up borrowing capacity and then going in together in a way that allows easy exit later but joint income for borrowing capacity now can work.


    Depending on the location of land this could be a fixed unit trust or even 2 discretionary trusts holding the one property. Companies can be considered too in some states.


    Best to seek specific advice

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide)

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