Though I've not yet ventured down the path of purchasing with friends/family through a JVA situation, the thought has crossed my mind. A unique property that I've had my eye on for a few years now has just become available for sale, and, alas, with a purchase price of around $1.3m I'm not confident that I can go it alone Two other parties (both known to me) have expressed interest in purchasing together with me, but I'm very hesitant due to the myriad of legalities and liabilities involved ie: Joint and several liability with the loan in that you are responsible not just for your portion of the loan but the entire amount, thus also killing a large portion of your serviceability The obvious problems involved with investing with others in that circumstances can change, spouses can come/leave, income situations change Increased setup costs including establishment of unit trust, JVA docs etc I realise the importance of the establishment of the correct structure and the covering of all contingencies through legal docs. Making sure all parties have common goals, as well as clear exit strategies is also vital to a successful JVA. Though I have great faith in my fellow purchasers, I'm certainly not naive enough to believe that relationships can't turn sour over joint investments like this. Though I've read widely on the subject and am aware of the possible problems, it would be refreshing to hear from those who've actually done it Anyone here who has engaged in a long term JVA with others? I would like to hear of any experiences, negative or positive.