Leonie was only 18 when she bought her first property with some friends and admits she didn’t really understand what she was doing.
She says she knew very little about the process, which could’ve turned out disastrously in hindsight, but luck was on her side.
The year was 1993 and she was about to have her first experience of Rentvesting, a concept which has become quite popular with those that may not be able to afford to buy their own home or would prefer to live in an area which they can’t afford to buy so will continue to rent and buy a property as an investment to get themselves on the ladder. The ATO and their tenants cover the majority (if not all) of their holding costs and they have an asset that will grow in value over time, without having to give up their current lifestyle. Win win.
Link to article: http://www.rentvesting.com.au/global-property-journey/