What is rentvesting?
Rentvesting is the strategy of renting where you want to live and investing in a location that meets your budget. Rentvesting creates an opportunity to enter the property market or expand your portfolio without compromising your lifestyle. The concept involves rentvestors purchasing an investment property whilst renting in a location they desire but may not be able to afford. This option can help make an investment decision with your head and not your heart, as it is not a place you are planning on living in. These investors are more inclined to make investment decisions based on growth and rental returns over location and views.
This concept allows more flexibility, rentvestors can easily upgrade or downgrade the property they rent if their circumstances change. Rentvesting offers the freedom to move around, this helps those who haven't yet decided where they want to permanently live or may move for work. Rentvesting provides an alternative approach to becoming a homeowner, the concept can offer the opportunity to buy a home you plan to move into in the future, with the tenants assisting you in paying down the mortgage until you move into the property.
Contact Wealth Managers Australia to learn more about rentvesting.
1300 306 858