Basics Section Overview

We’ve dealt with thousands of CoBuyers from across the US, personally co-bought multiple properties, and proudly count ourselves as co-owners. In all our interactions, what’s the number one question we get?

“How does it work?”

‍
It’s a big question. Let’s start by looking at the process. ‍

Process isn’t a fun word. Many people want to skip steps and don’t care to understand the mechanics. In co-buying and co-ownership, you can’t afford to neglect the process. Doing so is a bad idea, and that’s where many people fail.‍

Co-buying is a complicated version of a complex transaction: the home-buying process.

Co-buying = multi-party asset purchase:

• Multiple parties (two or more friends, family, or loved ones)
• Asset purchase (property)
• Generally financed by a mortgage (debt)

When we look at co-buying for what it is--a multi-party asset purchase--it makes sense to adopt a business mindset. That holds even--and especially--if the property is a home (primary residence).

After completing this section, you’ll walk away with:

✅ A better understanding of how co-buying works

✅ An understanding of how and why co-buying is different from a ‘traditional’ home purchase

✅ A framework for approaching co-buying & co-ownership strategically

✅ Answers to commonly asked questions

We’ll cover a lot of ground. Don’t worry about remembering everything: this section isn’t about that.

The knowledge you gain will provide a foundation for everything we cover later in the course.

Let’s roll.