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?Colin RiceParticipant@fmsJoin Date: 2011Post 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 :)
dawiidParticipant@dawiidJoin Date: 2021Post Count: 0
- This reply was modified 1 month, 1 week ago by Colin Rice.
I haven’t heard of it before. Can u please describe the main features of this strategy?BennyModerator@bennyJoin Date: 2002Post 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,
BennyTerrywParticipant@terrywJoin Date: 2001Post 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.HomeBuyerLouisianaParticipant@homebuyerlouisianaJoin Date: 2020Post 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
Aussie entrepreneur investing in New Orleans houses
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.
(Short term agreement/ leases but option to extend just in case occupants don’t get along or there’s a dispute)AliCParticipant@alicJoin Date: 2021Post 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.