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Tips For Young Property Investors – Consider borrowing options

As a young investor, you may want to consider co-borrowing, which involves two or more owners agreeing to share the costs of ownership.

This can be a good solution if you both have similar financial goals and circumstances.

Along with sharing the loan cost, the borrowers share additional costs such as stamp duty, strata fees or legal charges, as well as ongoing costs such as maintenance and repairs.

However, this also means that you’d be responsible for the other borrower’s debts if they can’t meet their repayments, so you need to make sure that legal documents are in place.

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Jason Gwerder
Tuesday, 15 March 2022


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