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.
RealRenta has all the tools that a property manager
has, but less than ¼the cost of a property
manager.
Join now and the cost
is less than a cup of coffee a week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Jason Gwerder
Tuesday, 15 March 2022