All Topics / Creative Investing / Rentrepreneur

Is now a good time to buy real estate?
Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of IKingy96IKingy96
    Participant
    @ikingy96
    Join Date: 2021
    Post Count: 0

    Hi all I hope we’re all having a great Monday morning, I just wondering if there’s anyone in here using the rentrepreneur strategy?

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    Cant say I have ever heard of it, I do have cash flow properties that are also increasing in value (the golden goose) so I will claim the title :)

    • This reply was modified 1 month, 1 week ago by Profile photo of Colin Rice Colin Rice.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

    Profile photo of dawiiddawiid
    Participant
    @dawiid
    Join Date: 2021
    Post Count: 0

    I haven’t heard of it before. Can u please describe the main features of this strategy?

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi Dawiid and others,

    When I Googled “Rentrepreneur” it defaulted to Entrepreneur.  However it did give the option to “search for Rentrepreneur instead” – and that provided just a few topics in reply.   Seems that title may have been recently coined, so it might mean different things to different people.

    However, Google did lead me to one post that gave a meaning that makes sense to me.  It led to Ian Ugarte’s site where he talks of renting a property from a landlord long-term, with permission to “sublet” (my word, not Ian’s) and to renovate the place to suit the market and provide multiple incomes.

    Is that the meaning that IKingy was referring to?  I have no idea – as a newly coined word, there could be several different meanings.

    One option I recall was where an investor bought properties as investments but rented the home they live in.  They are doing things “out of the ordinary” by renting, and being an investor too.  Are they rentrepreneurs?

    Hmmm….   I don’t know for sure – all thoughts welcome,

    Benny

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I am. If you mean rent where you live and invest elsewhere aka rent vesting

     

    I want to live in places where i don’t want to buy – CBD – so I rent at the moment.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    https://terryw.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

    Profile photo of HomeBuyerLouisianaHomeBuyerLouisiana
    Participant
    @homebuyerlouisiana
    Join Date: 2020
    Post Count: 17

    I went the “rentvesting” strategy and rented where I lived and invested where the numbers were good. I now have 15 properties (22 doors) and still haven’t bought a primary residence. I do have a lease option on where I live now and will end up buying it (but will turn it into an Airbnb).

    HomeBuyerLouisiana | Home Buyer Louisiana
    https://homebuyerlouisiana.com

    Aussie entrepreneur investing in New Orleans houses

    Profile photo of IKingy96IKingy96
    Participant
    @ikingy96
    Join Date: 2021
    Post Count: 0

    Hey guys sorry for the late reply, Benny hit the nail on the head.

    I first heard of this strategy from Ian and was just wondering if there we others out there using this method. Subletting a property (with landlords consent for x time) to multiple occupants on seperate leases on short term agreements.

    If any ones using this method I would love to hear a bit of your story.

    Many thanks

    Alex

    Profile photo of IKingy96IKingy96
    Participant
    @ikingy96
    Join Date: 2021
    Post Count: 0

    (Short term agreement/ leases but option to extend just in case occupants don’t get along or there’s a dispute)

    Profile photo of AliCAliC
    Participant
    @alic
    Join Date: 2021
    Post Count: 0

    Is this the same as Rentvesting? If so, I am personally a big fan of it. Its so difficult to buy the home you want to live in so why not rent it instead and get in the property market by buying a property that grows in value at the same time.

     

    Ali

    _____

    small kitchen renovations Sydney

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