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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:

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

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

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• Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)
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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!

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