Weekly Slice 282: Before Buying Property With Friends You Must Watch! - with Morgan Bushell & Todd Sloan

This episode of the Pizza and Property Podcast tackles the growing trend of Australians buying property with friends and family, highlighting both the benefits and serious risks involved. Host Todd Sloan is joined by property investor and mortgage broker Morgan Bushell to unpack the financial, emotional, and structural pitfalls of joint ownership—especially when it comes to bank lending practices, debt apportionment, and exit strategies. The hosts emphasize that while pooling resources can make homeownership more accessible, poor structuring can severely limit future growth, particularly when one party wants to expand their portfolio or exit the arrangement. Real-world examples, including a family of siblings and parents helping their children, illustrate how well-intentioned arrangements can backfire without proper planning. The key takeaway is that success hinges on having a clear, written exit strategy, aligning goals upfront, and seeking expert advice from brokers and accountants who specialize in portfolio growth—rather than just loan approval. The episode concludes with a strong call to action: don’t rush into joint property purchases emotionally. Instead, treat them like business deals with defined timelines and exit plans. The hosts stress the importance of working with a portfolio-focused mortgage broker who can anticipate long-term implications. They also encourage listeners to share this episode with potential co-investors to ensure everyone is on the same page. Ultimately, the message is clear: buying with others isn’t inherently bad—but doing it the right way is essential to avoid future conflict and financial roadblocks.