Buying Property With Friends at Buying

Buying Property With Friends. How to invest in property with friends. Q a friend and i are considering jointly buying a flat in london but we have unequal deposits.

The new smsf rules make it possible for a group of people or business partners to pool financial resources and buy investment real estate. What anyone who actually writes a book will tell you is that the most important part is good process. Depending on your circumstances, you could consider purchasing a property with one or more friends.

Family buying a house stock illustration. Illustration of

If you buy an investment property with a friend, you’ll benefit from the ability to use the rent to pay off your mortgage and ultimately gain passive income. Property can be expensive, but you may not have to shoulder the entire mortgage. Drawbacks of home buying with a friend 1. The downsides as with any domestic relationship, it’s easy for friends who live together to fall out.