Why ‘rentvesting’ doesn’t work (for most people most of the time)
It seems like a good idea – rent your home and buy an investment property where you can deduct the mortgage payments against your annual income tax. In fact, it all works…to a point: But this increasingly popular investment strategy does not mean you get to buy your own home…worse still, it may mean the bank won’t lend you any more funds.
Stuart Wemyss of the Prosolution Private Clients group joins Associate Editor-Wealth, James Kirby in this week’s episode as we cover…
* The problem with ‘rentvesting’
* A predictable pick up in house prices
* The new government’s menu for first-home buyers
* How HECs changes will also boost the housing market
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