Hi everyone, Just signed up, i'm 35, been back in Darwin for 12 years in Electrical Contracting. We Bought our first 2 bed unit in Adelaide (modbury) as our PPR back in 2002, kept it as an IP and purchased 4 bed house in Darwin in 2004. We bought a block and built another 4 bed house in Darwin in 2012 as an investment property. I'm trying to get some ideas on joint purchasing land with a number of people to try and figure out the best way to approach the idea and see how it can work. However I will make sure I check out the whole forum so I can help to contribute where possible. Cheers, Stuey
Hi Sturt, Welcome! Buying with others is generally a bad idea, aside from the risk to the relationship should anything turn bad, it can completely ruin your borrowing capacity moving forward. The only time I would consider this would be if you planned to do a project and sell the lot.
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