While some first home buyers are lucky enough to find the perfect property & place to buy in, there are also a number of those who don’t - but there are options. 

In this episode, we’re going to discuss choices you have if you can’t afford to buy where you really want to live. We’re covering rentvesting, co-ownership and getting a guarantor for your loan, along with their pros, cons, and risks involved.

So, if you’re a first home buyer who needs a little push in the right direction, tune in to today’s episode for advice, tips, and resources. 

See you on the inside!  

 

Episode Highlights:
Option #1: Rentvesting [02:47]
A chance to “try out” a property before settling down [05:18]
The deductibility of expenses in holding the property [06:11]
Thinking long-term on a property that is investment-grade [08:20]
The importance of choosing a good accountant & getting great advice [09:35]
Get the most tax benefits from brand new properties [11:42]
Make sure you have future, strategic plans coming into the market [14:01]
Option #2: Parental guarantors [18:48]
Consequences of buying a bad asset & debt build-up [21:25] 
Option #3: Co-ownerships [24:21]
Working out the “what-ifs” right from the start [26:09]
Tenancy in Common vs Joint Tenancy [28:28]
Put everything on paper - contracts, agreements, and ownership structure [31:43]

 

Link/s from the show:
Get our FREE First Home Buyers course! (https://www.homebuyeracademy.com.au/freecourse) 
Our article on Rentvesting (https://homebuyeracademy.com.au/PREPARATION/rentvesting)
Our article on choosing to buy a house or apartment (https://homebuyeracademy.com.au/ACTION/apartment-should-you-buy)
Our article on parental guarantors (https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage)
Our article on why you should never buy off-the-plan (https://homebuyeracademy.com.au/ACTION/why-you-should-never-buy-off-the-plan)

 

Connect With Us:
Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate and share the show! There’s more to come, so we hope to have you along with us on this journey!

While some first home buyers are lucky enough to find the perfect property &amp; place to buy in, there are also a number of those who don&rsquo;t - but there are options.&nbsp;
In this episode, we&rsquo;re going to discuss choices you have if you can&rsquo;t afford to buy where you really want to live. We&rsquo;re covering rentvesting, co-ownership and getting a guarantor for your loan, along with their pros, cons, and risks involved.
So, if you&rsquo;re a first home buyer who needs a little push in the right direction, tune in to today&rsquo;s episode for advice, tips, and resources.&nbsp;
See you on the inside!&nbsp;&nbsp;
&nbsp;
Episode Highlights:
<ol>
<li aria-level="1">Option #1: Rentvesting [02:47]</li>
<ol>
<li aria-level="2">A chance to &ldquo;try out&rdquo; a property before settling down [05:18]</li>
<li aria-level="2">The deductibility of expenses in holding the property [06:11]</li>
<li aria-level="2">Thinking long-term on a property that is investment-grade [08:20]</li>
<li aria-level="2">The importance of choosing a good accountant &amp; getting great advice [09:35]</li>
<li aria-level="2">Get the most tax benefits from brand new properties [11:42]</li>
<li aria-level="2">Make sure you have future, strategic plans coming into the market [14:01]</li>
</ol>
<li aria-level="1">Option #2: Parental guarantors [18:48]</li>
<ol>
<li aria-level="2">Consequences of buying a bad asset &amp; debt build-up [21:25]&nbsp;</li>
</ol>
<li aria-level="1">Option #3: Co-ownerships [24:21]</li>
<ol>
<li aria-level="2">Working out the &ldquo;what-ifs&rdquo; right from the start [26:09]</li>
<li aria-level="2">Tenancy in Common vs Joint Tenancy [28:28]</li>
<li aria-level="2">Put everything on paper - contracts, agreements, and ownership structure [31:43]</li>
</ol>
</ol>
&nbsp;
Link/s from the show:
<ul>
<li aria-level="1">Get our FREE First Home Buyers course! (<a href="https://www.homebuyeracademy.com.au/freecourse">https://www.homebuyeracademy.com.au/freecourse</a>)&nbsp;</li>
<li aria-level="1">Our article on Rentvesting (<a href="https://homebuyeracademy.com.au/PREPARATION/rentvesting">https://homebuyeracademy.com.au/PREPARATION/rentvesting</a>)</li>
<li aria-level="1">Our article on choosing to buy a house or apartment (<a href="https://homebuyeracademy.com.au/ACTION/apartment-should-you-buy">https://homebuyeracademy.com.au/ACTION/apartment-should-you-buy</a>)</li>
<li aria-level="1">Our article on parental guarantors (<a href="https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage">https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage</a>)</li>
<li aria-level="1">Our article on why you should never buy off-the-plan (<a href="https://homebuyeracademy.com.au/ACTION/why-you-should-never-buy-off-the-plan">https://homebuyeracademy.com.au/ACTION/why-you-should-never-buy-off-the-plan</a>)</li>
</ul>
&nbsp;
Connect With Us:
<ul>
<li aria-level="1">Home Buyer Academy Website (<a href="https://www.homebuyeracademy.com.au/">https://www.homebuyeracademy.com.au/</a>)</li>
</ul>
&nbsp;
If you enjoyed today&rsquo;s podcast, don&rsquo;t forget to subscribe, rate and share the show! There&rsquo;s more to come, so we hope to have you along with us on this journey!

Your First Home Buyer Guide. Get there without missing a step.

Your First Home Buyer Guide. Get there without missing a step.

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