What School Should Have Taught You
Jun 24, 2026 · 8 min · 9 segments
Buying property with family or friends can be a smart way to get ahead. Without the right structure, it can also be a financial trap that costs hundreds of thousands to untangle or locks you out of…
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What's one of the major reasons? Asset prices are skyrocketing and costs of finance are so high.
Now this is a very migrant mindset because in a lot of older cultures like European cultures and subcontinental cultures, wealth is really created at a family level.
That's many people in the family coming together, pooling their resources to grow the wealth as a whole because you're having more money, more capital more borrowing to be able to go into many more assets or resources so it's getting it structured right in australia when you're buying assets and we'll take property as an example in your individual names coming together it could be joint tenants where if something happens to be the one of you the survivor takes over your ownership or it could be tenants in common where percentage is listed in the contract for instance and you can will away your portion of ownership you are still joint and severably liable it's very hard to untangle the finances if you want to go at things on your own but what a lot of clients are doing now is they're really starting to get quite sophisticated with their structure They're setting their goals early.
They're saying, I want to invest with you to build up a certain level of wealth, but I also want to have my own portfolio going in the background because we don't want to be attached at the hip to that person for the rest of our lives.
We want to have multiple exit strategies, and those exit strategies could be to sell a portion of our units or shares in that entity.
It could be to sell all the assets in that entity, then distribute the funds.
What's one of the major reasons? Asset prices are skyrocketing and costs of finance are so high.
Now this is a very migrant mindset because in a lot of older cultures like European cultures and subcontinental cultures, wealth is really created at a family level.
That's many people in the family coming together, pooling their resources to grow the wealth as a whole because you're having more money, more capital more borrowing to be able to go into many more assets or resources so it's getting it structured right in australia when you're buying assets and we'll take property as an example in your individual names coming together it could be joint tenants where if something happens to be the one of you the survivor takes over your ownership or it could be tenants in common where percentage is listed in the contract for instance and you can will away your portion of ownership you are still joint and severably liable it's very hard to untangle the finances if you want to go at things on your own but what a lot of clients are doing now is they're really starting to get quite sophisticated with their structure They're setting their goals early.
They're saying, I want to invest with you to build up a certain level of wealth, but I also want to have my own portfolio going in the background because we don't want to be attached at the hip to that person for the rest of our lives.
We want to have multiple exit strategies, and those exit strategies could be to sell a portion of our units or shares in that entity.
It could be to sell all the assets in that entity, then distribute the funds.
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