With property prices on the rise, more and more first home buyers can’t afford to buy the homes they want. But it’s not all bad news; You can still buy property that will go up in value, while someone else pays your mortgage. It’s called Rentvesting and more and more people are using it to grow their wealth.
What is Rentvesting?
So what’s Rentvesting? Simple, rent somewhere to you want to live and buy an investment property that will appreciate.
This strategy offers an attractive option for young investors to purchase an investment property. It can remove financial barriers and property prices because you buy in the location that meets your investment budget, then rent in a suburb or the city for the lifestyle you want to live. Rentvesting means you keep the lifestyle you want while your investment keeps rising.
How Rentvesting works
Watch the video for everything you need to know about Rentvesting.
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Extra benefits of Rentvesting
Unlike buying your own home, there’s several tax advantages that apply to the Rentvestor. One of the main advantages is, you can claim negative gearing benefits from your investment property. Negative gearing generates tax benefits through expenses such as interest and depreciation, along with insurance and managing agent’s fees and more. Reventon’s accounting team can guide you through all the benefits that may be available to you.
We’re here to help
Like any investment, it’s wise to seek professional help, that way you can optimise your return on investment. When it comes to Rentvesting, there are several factors that determine success – which suburbs will give you the best growth and which ones will suit your budget, what type of rentvestment will be best for you and what steps you need to take to become a Rentvestor.
Talk to the Reventon team and we’ll give you all the guidance you need to be a successful Rentvetsor and get the most from your investment.
