Rentvesting: A Possible Real Estate Investment Solution For Millennials
Rentvesting: A Possible Real Estate Investment Solution For Millennials
Rentvesting
Through rentvesting, you start by renting a home for you to live in. For most rentvestors, this tends to be in a major city that's close to your job, friends, social and nightlife. After you rent out a home, you then go and buy a rental property in an up-and-coming area that you can afford, but perhaps, do not care to live in. So through this strategy, you are able to afford to live in an area of your choosing while building equity with your rental property elsewhere. You can sell the rental property in 5-10 years and use that money and any savings accumulated over the years to purchase your first home, possibly your dream home.
Investment in rent
With rental investors, you start by renting a home for you to live in. For most rental investors this tends to be in a central city close to your workplace, friends, company and nightlife. After you've rented a house, then go buy a rental property in an up-and-coming area that you can afford, but maybe, you don't mind living in. So using this strategy, you are able to afford to live in your chosen area while building equity with your rental property elsewhere. You can sell the rental property in 5-10 years and use that money and any savings accumulated over the years to buy your first home, perhaps your dream home.
https://finance.yahoo.com/…/rentvesting-possible-real-estat…
Rentvesting: A Possible Real Estate Investment Solution For Millennials
It's no secret that millennials aren't buying homes at the same pace as previous generations. With the average undergraduate student loan debt at 29,200 (not including specialized or advanced degrees), the high cost of living in major cities, and tightened lending criteria, many millennials have
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