Rentvesting or Homeownership: What’s the Smarter Move?

Deciding whether to invest in property or buy a home to live in
is tough. Although the decision might seem straightforward, the
consequences can have a lasting impact on your financial future.


When you think about buying a home, there are hurdles like
figuring out if you can afford to buy where you really want to
live. . On the flip side, rentvesting gives you flexibility, but
you need to watch out for changes in the rental market and think
long-term about investing and its potential impact on your future
ability to buy a home.


In this episode, we talk about the pros and cons of both options.
Join us as we dive into the rentvesting versus homeownership
debate, examining the advantages, disadvantages, and everything
in between.


Episode Highlights:


00:00 - Introduction


02:06 - Should you rentvest or buy a home to live in?


03:16 - Two critical questions one must ask themselves before
considering rentvesting


08:42 - Who are the two most ideal candidates for rentvesting?


10:52 - Rentvesting pro #1: You can buy anywhere


14:16 - Rentvesting pro #2: You get rental income


15:45 - Rentvesting pro #3: You get tax deductions if it’s
negatively geared


17:13 - Rentvesting con #1: You have no access to
grants/incentives as a first home buyer


20:17 - Rentvesting con #2: It could limit your borrowing
capacity to buy your future home


24:29 - Rentvesting con #3: The potential uncertainty and risks
associated with renting


25:55 - Rentvesting con #4: Selling an investment property incurs
capital gains tax


29:03 - Bonus: What you need to know about investment properties
and land tax


Resources mentioned in this episode:


Courses for first home buyers who don’t want to miss a step:
https://homebuyeracademy.com.au/all-courses

The Stepping Stone Strategy Tutorial
https://homebuyeracademy.com.au/ssstutorial

Kick start your property journey here:
https://homebuyeracademy.com.au/tutorials



Resources:



FREE MINI COURSE: How to price property like a
professional https://www.homebuyeracademy.com.au/freecourse

Meet our recommended mortgage brokers at Home Buyer Academy
https://homebuyeracademy.com.au/brokers

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
ultimate 10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



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