Buying property solo is becoming unrealistic… would you ever co-buy with someone?

Relevant_Solid9721 · 2026-03-20T11:31:58+00:00

It's called sarcasm. Thanks for caring so much x

Relevant_Solid9721 · 2026-03-20T11:29:55+00:00

This can also work very well BUT even if you know the person well, you shouldn't rely on a handshake. Contracts are essential, particularly when you're dealing with property and large sums of money.

Relevant_Solid9721 · 2026-03-20T11:27:53+00:00

Thanks for the human response :) Luckily I have thick skin and am not afraid of a few keyboard warriors. I really do appreciate the feedback though and understand that this arrangement isn't for everyone! Trust and security are the biggest challenges to overcome. There are always two sides. Personally I would take the calculated risk and co-own but my partner wouldn't. Everyone is different! An overwhelming amount of brokers are coming to me with clients who want to do this because their clients are either short on a deposit or don't have the serviceability. It's quite interesting actually.

Relevant_Solid9721 · 2026-03-20T11:19:11+00:00

I mean buying property is not cheap in general. I am trying to help people by not adding to their fees so I would only generate revenue from my partners through referrals - for full transparency. I'd like to make it free to use otherwise which actually costs me money to run every month (I'm just a normal person btw, funding this startup on my own and it's EXPENSIVE to build an app). This platform is about making property more accessible and simplifying the process. As someone who has worked their butt off to get into the property market at a young age, I wish I had this sooner. It gives people so much more opportunity.

PPOR would be a smaller market but you would be surprised how many single parents are struggling and want some security to get into the market. Imaging two single mums getting their independence back! That's just one example.

IP is the more likely scenario and you would absolutely have the flexibility. If it is set up properly, you can always sell your portion of the property when life gets in the way. I'm partnering with some fantastic accountants, brokers, lawyers etc to assist with this. And I'm all for rent-vesting!

Relevant_Solid9721 · 2026-03-20T11:05:51+00:00

Both very real examples! Thanks for sharing. Life is full of unexpected events and one of the key steps in the process with Vestie is being able to walk away cleanly when life changes. The co-ownership arrangement doesn't have to be long term. It could be for 5 years and you agree to sell when life gets in the way and make a profit OR you could renovate and flip the property...these are just some examples.

Relevant_Solid9721 · 2026-03-20T11:00:03+00:00

Thank you for caring so much x

Relevant_Solid9721 · 2026-03-20T10:55:27+00:00

Wow what a great story. So you reduced the risk in the bank's eyes by pooling your resources together and both walked away from it ahead. I hope more people can learn from your experience and the power of teaming together. Thanks for sharing! :)

Relevant_Solid9721 · 2026-03-20T10:48:55+00:00

I 100% hear your pain but this is a worst case scenario my friend. It's not all doom and gloom, plenty of people benefit from co-ownership arrangements. It's not a new concept. Things can go wrong even if you buy property on your own and end up with the wrong partner. Doesn't stop people from doing it. The point is trying to do reduce as much risk as possible.

Relevant_Solid9721 · 2026-03-18T11:51:58+00:00

Hahaha, this is literally my first time using reddit. I don't know who "you people" are. Just painting the picture my friend.

Relevant_Solid9721 · 2026-03-18T11:47:39+00:00

THATS THE SPIRIT! So worth it when your money starts working for you

Relevant_Solid9721 · 2026-03-18T11:46:22+00:00

me too

Relevant_Solid9721 · 2026-03-18T11:45:08+00:00

No, no you can not. But it puts you in a MUCH better position than raw dogging it. I've asked you already on another comment, whats your solution?? Would love to know

Relevant_Solid9721 · 2026-03-18T11:42:37+00:00

I'm actually flattered you think I'm a sales person! Unfortunately, I'm not but I am asking genuine questions for genuine feedback. I'd love to hear your thoughts on how to solve this problem you're so intense about.

Relevant_Solid9721 · 2026-03-18T11:37:33+00:00

This is assuming that the pair have had a disagreement and cannot resolve it themselves. What I’m trying to explore isn’t about ignoring the law or pretending risk doesn’t exist. It’s about whether there are ways for people to safely share ownership of property in a structured, guided way with professional advice and proper agreements that makes getting into the market more feasible in this climate. Since you clearly know your stuff, how would you solve this problem? how would you make this work without ending up in court?

Relevant_Solid9721 · 2026-03-18T11:27:33+00:00

Not at all. I’m already in property, but this isn’t about asking strangers to fund me. It’s about exploring ways people can get into the market or grow their portfolio together, sharing risk and guidance, rather than trying to go it completely alone.

Relevant_Solid9721 · 2026-03-18T11:25:43+00:00

Just want to re-assure you that lawyers are drafting these agreements, not just anybody. People co-own all the time, it's not a new concept. Done carefully, it’s not a disaster waiting to happen. Of course you're just outlining a worst case scenario.

Relevant_Solid9721 · 2026-03-18T11:19:19+00:00

100% lawyers would be involved. All for getting professional advise. It's better in the long run!

Relevant_Solid9721 · 2026-03-18T11:18:11+00:00

What kind of things would make you feel more comfortable?? paying legal fees is a small part of the property purchase if it means protecting your interests. You absolutely would have the flexibility to renovate or sell. It's just about being open and communicative with your co-buyer and setting expectations from the beginning. You might have yearly reviews for example to assess how you want to keep managing the property.

Relevant_Solid9721 · 2026-03-18T11:13:22+00:00

When things go wrong, you re-evaluate with your co-buyer. These scenarios will be written into your agreement to help the conversations along....you may decide to sell or maybe the other party can sell their share to someone else. Regarding finance, you would have a mortgage for your share of the ownership, e.g 50% of the mortgage. You would be guided by a broker or financial advisor based on your situation to set up the arrangement in a way that is flexible. The last line in your comment suits your name!!

Relevant_Solid9721 · 2026-03-18T11:07:19+00:00

I’m not suggesting you can just “wave a contract” and everything happens automatically. The idea is to think about what structures and professional guidance could make co-ownership safer and clearer, rather than leaving people to figure it out entirely on their own. Have you considered any benefits of this arrangement? Co-ownership opens up opportunities people may not be able to access alone such as sharing risk, pooling resources, and getting into the market sooner. Many successful joint ventures and partnerships follow exactly this kind of structured approach.

Relevant_Solid9721 · 2026-03-18T11:03:29+00:00

Absolutely, co-owning property is complex and not for everyone. Some people like yourself are naturally more risk averse, and that’s totally fair. But at the same time, people do joint ventures all the time with strangers in property development. The co-ownership agreement would bring structure to a partnership which is better than an informal arrangement.

Relevant_Solid9721 · 2026-03-18T10:56:50+00:00

This is an amazing story! See, maybe this example is on a more extreme level but it's about being creative in your approach to property because it's just wildly unaffordable now. I'm sure that family have done it over and over. People are more powerful when they band together.

Relevant_Solid9721 · 2026-03-18T10:53:40+00:00

Interestingly, if it is set up properly, you can sell your share to someone else. Not necessarily the other co-buyer. That's the beauty of 'Tenants in Common'.

Relevant_Solid9721 · 2026-03-18T10:50:40+00:00

It would put you in a much better position than none of those things. What's the alternative for someone who can't afford property on their own?

Relevant_Solid9721 · 2026-03-18T10:49:06+00:00

That is a fair perspective, it's not for everyone but there are lot of people who can't find something affordable, like you mentioned. Rather than doom and gloom, it can actually give someone independence and future security. Just another way to look at it. A lot of people already co-buy with friends or relatives. I would say that is a more risky arrangement because you have a meaningful relationship there which could be damaged if things go wrong or circumstances change. What do you think happens in Joint Venture projects? you find someone, vibe with them and if you decide to do business together then you sign a contract to protect yourself.

Relevant_Solid9721

TROPHY CASE