What Do You Need to Know About Rentvesting?
First-time home buyers have traditionally had to sacrifice the bones of their lifestyle to build a home in an area they can afford, uprooting themselves in the suburb they've rented and built a life in. For those struggling to break into the market, inexpensive areas offer the most achievable starting point, but these areas aren't always the most desirable to first-time buyers.
Rentvesting means first-time buyers don't have to sacrifice their current lifestyle – they can continue living in a suburb they love while building an investment property in an area they can afford.
While first-time buyers have always been in the difficult position of competing against investors, rentvesting gives buyers more of a chance. As all investment types come with their pros, cons and risks, rentvesting comes with its own concerns that you should consider before jumping in.