25 Sep Renter-Investor
The first property you buy doesn’t have to be the one you live in. Starting out with an investment property is one way to get a foothold in the property market and would especially suit the following scenarios. You can’t afford to buy in your favourite suburb You might want to live near beaches or cafes or close to work so you don’t have to waste time commuting. In which case it may be more cost-effective to rent where you want to live and buy an investment property in a more affordable area. There are some investors who have never lived in a property they own, choosing instead to rent in desirable locations they would never be in a position to buy. You haven’t decided what kind of home you’d like to buy You may not yet have a family or you might be...