Are You A First Home Buyer?
This Unorthodox Strategy Gets You Into The Market Sooner
Like most young couples, Tehanni and her partner dreamt of getting into the property market.
They wanted the security you get from ownership.
And of course, a house they owned which they were free to do whatever they wanted with.
Something which was theirs.
They also wanted to live close to the Melbourne CBD where they worked.
But there was a problem.
The problem was that prices close to the Melbourne CBD were way out of their budget.
And they’d have been crazy to attempt to buy a house there.
Even if they could afford it, they’d be held hostage to a huge mortgage and wouldn’t have a cent left to travel or enjoy life like most couples their age do.
Sound familiar?
It’s the dilemma facing most first-home buyers.
Do you take on crippling amounts of debt just to get into the market?
Do you sit on the sidelines saving up a massive deposit, watching as house prices climb further out of reach?
Or do you give up, and buy a cheap house in an outer suburb, miles from where you actually want to live?
Fortunately, because Tehanni works for us at AllianceCorp, we introduced her to an unorthodox strategy.
It’s called Rentvesting, and it’s how a growing number of people are getting their foot into the market for the first time without having to live in an area where they can merely just afford to.
What they did was continue renting close to the city in a suburb they loved.
And purchase an investment property for purely financial reasons.
They rent, and they invest.
Because they had no intention of ever living in their investment property, they could invest in a hotspot location within Australia, and target the best property which met their strategic needs.
For them this meant high capital growth potential with enough cashflow to cover their repayments which let them to live ‘the good life’ and travel.
As a result, Tehanni and her partner are getting wealthier because they’ve broken into the market.
They’ve gained over $100,000 in capital growth in the first 12 months alone.
And they’re looking for their second investment right now.
Pretty soon they’ll have two investment properties both going up in value, and they’re building wealth and income which will give them more options for the future.
Plus they’re on their way to owning their dream home close to the city.
And as a bonus, they’re being subsidised with huge tax benefits on offer to investors from the ATO.
You can hear from Tehanni in this video, and see how she and her partner are using this unorthodox strategy to get into the market.
According to Real Estate Business, 1 in 5 first home buyers are choosing an investment property as their first home.
And they’ve realised that it’s far more important to get their foot in the door anyway they can, as soon as they can.
Rentvesting is one way first home buyers can get into the market.
And if you’re looking to get into the market, or you have children who are trying to get into it then put your details into the form below and we’ll set up a time to show you how it works.
There’s no cost for this call, and no obligation to do anything either.
It’s for your information so you know what your options are, and you can decide if rentvesting could work for you.