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Buying Property With Friends

In this episode, Nathan tackles a contested topic of discussion in the property world, buying property with friends. Nathan outlines some of the (little) pros and (many) cons of purchasing with another party and what it can mean for your future. Nathan details some common scenarios and highlights what can go wrong, very quickly. An important episode you’ll want on your list for the week!

00:00 – Introduction
00:22 – A friend, sibling, partner ‘others’
02:00 – “Big, big, big problem…”
02:52 – The risks far outweigh the benefits
03:43 – The sibling scenario
05:02 – The parent & child scenario
05:58 – The spouse scenario
08:00 – New elements create new blurred lines in friendships
08:32 – Birchy’s ‘5 Year’ lens – thinking ahead, not right now
09:50 – If you had to, you need a professional legal agreement
10:40 – Guarantor – another level of complexity
11:32 – Exit strategies are key to mitigate risks
12:32 – WWBD in 2025 (What would Birchy do?)

Make your move on your property journey today: https://binvested.com.au/make-your-move-now/

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