In today’s property market, buying your dream home where you want to live can feel impossible. However there is a strategy called rentvesting that’s helping people get into the property market sooner while still living where they love.

What is Rentvesting?

Rentvesting is when you rent a home in a location that suits your lifestyle, like a trendy city suburb, while buying an investment property in a more affordable area. This way, you can still own property and start building wealth without having to sacrifice living in your favourite spot.

Why Rentvesting Makes Sense

1. Affordability: You can buy in a more affordable area while living where you want. This way, you’re not overextending yourself financially, and you can start building equity sooner.
2. Tax Perks: As a property investor, you can claim tax deductions on things like mortgage interest and property maintenance. This can help improve your financial position and make your investment more profitable.
3. Lifestyle Flexibility: Renting where you want to live gives you the flexibility to move if needed without the hassle of selling a home. Plus, you still get to live in that perfect spot you’ve always wanted.
4. Wealth Building: Over time, as your investment property grows in value, you can use the equity to invest further or improve your financial situation.

Getting Started with Rentvesting

Thinking rentvesting could work for you? The first step is to chat with a mortgage broker who can help you understand your options. They’ll assist in finding the right home loan and guide you through the process.

Is Rentvesting Right for You?

Rentvesting isn’t for everyone, but it’s definitely worth considering if you want to start investing in property without giving up your preferred lifestyle. With the help of a good mortgage broker, you can make an informed decision that sets you up for success.

Get in Touch with Us

If you’re ready to explore the benefits of rentvesting or need expert advice on home loans and property investment, get in touch with us. Our team is here to help you navigate the process and find the right strategy for your financial goals.