Question: We have a few older kids now. We want to help them get into the property market but it's just getting very difficult. What can we do? Answer: If you have a look at twenty year-olds and home-ownership, it's actually on the decline. And it's only getting harder and harder due to affordability. So how do we help them? I've got three tips on this: 1. BE A ROLE MODEL You've got to do it yourself. If you want to get your kids involved in property investment, learn how it works. You may already have a home with some equity in there. Learn how to release the equity and how to use that equity to start your own investment portfolio. 2. CONSIDER ALTERNATIVE APPROACHES Gone are the days where you go out and buy your first home and then get stuck with a mortgage for many, many years before you can invest. We used to do it. Now what a lot of people are doing is rentvesting. And the benefits around rentvesting are that you can typically build your portfolio quicker because you're targeting properties in high growth areas. Plus you can access tax deductions. Teaching your kids about these options means they can build their wealth quicker in their twenties. 3. JOINT VENTURE AGREEMENT Sit down, develop a plan and be very clear on expectations with your kids before you enter into a financial arrangement with them. You may have an agreement that any money generated from their investment portfolio must only be used for buying future investments or to purchase their own home eventually. At AllianceCorp, we have documentation to make this process smooth. Speak to us to find out how we can support you and your family in becoming successful property investors.