The Wealth Guide Podcast

Co-Buying Property – Smart Shortcut or Financial Time Bomb? | Ep. 64

Ray Regmi Season 1 Episode 64

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0:00 | 43:53

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Buying property with a sibling or friend can sound like the perfect shortcut into the market — but what happens when goals change, life shifts, or one person wants out?

In this episode of The Wealth Guide Podcast, the team is joined by Amit Sharma from Inspired Wealth to unpack the realities of co-buying property and why having the right structure matters just as much as getting into the market itself.

From co-ownership deeds and borrowing capacity to future relationships, exit strategies, insurance, and difficult conversations, this episode explores what people often overlook before signing on the dotted line.

The conversation dives into the emotional side of co-buying, why treating the arrangement like a business partnership is essential, and how poor planning today can create financial and relationship stress later.

Whether you're considering buying with a sibling, friend, or even parents, this episode highlights why clarity, communication, and professional advice are critical before making one of the biggest financial decisions of your life.
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SHOW NOTES LINKS

Malissa Vourakis - https://www.linkedin.com/in/malissa-vourakis-79066a67   
Ray Regmi - https://www.linkedin.com/in/ray-regmi-3a267539   
Ricky Regmi - https://www.linkedin.com/in/rajiv-ricky-regmi-cpa-943694213   
Dean Desoukey - https://www.linkedin.com/in/dean-desoukey 
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TIMESTAMPS
00:00 – Introduction
00:59 – Why co-buying property is becoming more common
04:02 – Are you financially aligned before buying together?
06:22 – Why emotions need to be removed from the decision
09:52 – Joint tenancy vs tenants in common explained
10:54 – Why co-ownership deeds matter
13:59 – Real-life co-buying mistakes and lessons
19:06 – Lending risks and borrowing capacity issues
24:08 – Unexpected costs, buffers, and cash flow pressure
27:04 – Why co-buying arrangements should be reviewed regularly
31:26 – Retirement, pension, and long-term planning considerations
33:41 – Insurance and protecting both parties
35:51 – The one conversation every co-buyer must have
42:45 – Final takeaways and closing thoughts

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DISCLAIMER 
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.