Rentvesting is becoming increasingly more popular in every part of Australia. Essentially, this concept sees you becoming both a landlord and a renter. Pick your favourite location, virtually regardless of its price, to rent out and at the same time, buy a cheaper property, more suited to your budget, as an investment.
You’ve bought your perfect rural home, which ticks every one of your boxes. You’re loving the peace, quiet and scenery and watching your kids and pets enjoy the great outdoors. What can you do to ensure this dream lifestyle doesn’t fail? Here are some ideas for you.
Your children have left home and they’re now hell-bent on living their own exciting lives. The once noisy family house where you’ve lived for 20-odd years shrieks with memories of kids playing and arguing – while simultaneously featuring echoingly empty rooms and extraordinary silence. Yes, it’s the time of your life you never thought would come: downsizing to a smaller place, and possibly a smaller town. But this move doesn’t necessarily have to be scary and sad.
The auction to sell your house is around the corner and you’re struggling to set the perfect reserve price. But setting this price isn’t a simple process so take a deep breath and ensure you have plenty of time to manage this decision. It could mean the difference between selling your property under the hammer – or not.