Basics FAQs

How long does co-buying take?

Two months to several years. You can shorten the time it takes through research, planning, and strategy.

How long does co-ownership last?

It’s entirely up to you. Some folks co-buy as a short-term play. With a well-planned strategy, co-ownership can be rewarding over relatively short time frames. Other folks choose to co-own for the long haul.

How many people can co-buy together?

Technically, there's no limit if financial resources are abundant, with two caveats:

1. Obtaining traditional financing through a residential mortgage lender becomes difficult with more than five co-borrowers on a mortgage.
2. Some local governments limit the number of unrelated adults who can share a home.

Do we need a 20% down payment to co-buy?

No. Many mortgage products exist that allow borrowers to put less than 20% down towards a purchase. Some government loans allow for little to no down payment, but eligibility is borrower and case-specific.