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Rentvesting is a homeownership strategy where you buy an investment property in a place you can afford while renting a home in a place you want to live but cannot necessarily afford. This tactic allows you to choose to live in an area where buying a home might not be possible due to prices while at the same time holding a property in a location that suits your financies. “Essentially, the rent and invest strategy is to buy an investment property first where you can afford to and rent where you want to live but probably can’t afford to,”. “It’s a tactic that overcomes financial obstacles and exorbitant property prices because you can buy in a location that fits your budget whilst renting in a location that suits your lifestyle.” Rentvesting is an effective homeownership strategy because even though you continue to rent, the house you bought will rise in value, particularly if it is in a growth corridor, smart location, and usually most or all of the costs are being paid by the tenant. IEPG Group www.iepggroup.com.au