The property ladder feels impossibly steep for many Kiwis, but what if you didn't have to climb it alone? We explore the increasingly popular strategy of buying property with friends or family – a potential shortcut to homeownership that comes with both opportunities and risks.

Pooling resources can transform the impossible into the achievable. By combining deposits, incomes, and sharing ongoing costs, co-ownership might just be your ticket onto the property ladder years ahead of schedule. But as we unpack in this episode, money changes relationships, and clarity becomes the ultimate form of kindness when property and friendship mix.

We dive deep into the critical elements of successful co-ownership: choosing between joint tenancy and tenants in common, crafting a comprehensive co-ownership agreement that addresses everything from routine expenses to major renovations, and understanding the sobering reality that banks view co-owners as a package deal – your friend's financial history becomes yours too. Through a real-life success story of Wellington friends who navigated co-ownership correctly, we highlight how proper planning transformed potential conflict into a stepping stone toward building a property portfolio.

Perhaps most importantly, we emphasize the necessity of planning your exit strategy before you enter. Life circumstances change – marriages, relocations, career shifts – and having clear provisions for valuation, buyout options, and conflict resolution protects both your investment and your relationships. Ready to explore whether property co-ownership might work for you? Listen now, then share with someone you might consider buying with – it could be the conversation that changes both your financial futures.

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