All Topics / Help Needed! / Thoughts on Co-ownership

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  • Profile photo of ParaskumarParaskumar
    Participant
    @paraskumar
    Join Date: 2021
    Post Count: 0
    September 27, 2021 - 3:08 pm

    Hi all,

    We all know where the real estate market is going. I want to know your thoughts on co-investing in property with others. What are the challenges we may face?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 29, 2021 - 10:16 am

    disagreements, affect on serviceability, one wanting to sell, being liable for the whole debt, death, stamp duty if one wants out, family law disputs etc.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of SinclaireSinclaire
    Participant
    @sinclaire
    Join Date: 2021
    Post Count: 0
    October 29, 2021 - 1:04 am

    What Terry stated above are some possible scenarios/ outcomes.

    Do some reading on the difference between purchasing as ‘tenants in common’ v ‘joint tenants’.

    Invest in some quality legal advice.

     

    • This reply was modified 2 years, 5 months ago by Profile photo of Sinclaire Sinclaire.
Viewing 3 posts - 1 through 3 (of 3 total)

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