First article I wrote for Smart Property Investment - Rentvesting!

Hello all!

Just thought I'd share with you guys a short article I wrote for Smart Property Investment.
Confessions of a millenial rentvestor

It a quick read on why I decided to Rentvest and the benefits that come with it.

I'd be really interested to know if the points resonate with you or if you disagree in away?

This came about through an opportunity to be a weekly contributor on their site discussing my thoughts, ideas, experiences, and challenges I go through as an active Millennial Rentvestor. My writing has some flaws though so I'm sure there will probably be grammar/vocab errors.

Looking forward to any feedback whatsoever!


Cheers,
Taku

 

Nice work Taku. I am at a different stage of life to be rentvesting but there are a lot of people out there that should be taking a similar mindset to you rather than just complaining about affordability.

Well written article, I look forward to more.

 

Hey @Taku Ekanayake I read that this morning from my email. Nice work.

I thought about posting a link here on PC.......................but refrained having learnt my lesson last time

 

@Taku Ekanayake
Nice article.
Have you any thoughts / plans as to how your strategy may change should you decide to settle down and start a family?

 

Nicely done in spreading the knowledge around.

Every millennial you influence into purchasing a property is a win for the market.

 

@Taku Ekanayake , you are a star, good strategy and plan. I reckon you need to start to think about how to help other investors to do what you have done?

 

Good work Taku

 

thanks for the feedback. really apprecate it!

thanks @Player! haha at least generated some good discussion

@neK very good point! no doubt my strategy would change when partner/family/kids come into the picture. tbh i have no plans or a strategy for when this happens.

any advice or thoughts at all just at a high level?

@Wukong absolutely! thanks for the encouragement

 

thanks for the kind words! and it's a question i keep asking myself everyday @Eric Wu .. might come to fruition later down the track.

@D.T. thanks mate!

 

Taku - short but sweet, it completely makes sense.

Until I was (over) thirty, I lived in share houses. They was fantastic. Views of the harbour, and walking distance to the CBD for a few hundred dollars or so a week. Indeed I had a carpark in the city provided by work but I was so close to the ferry I caught that every day rather than sit in Military Road and Harbour Bridge traffic.

Did I invest. Sure, however not enough. Actually let me rephrase, less than you have. I travelled like a madman visiting every continent, even the icy one, and more than 70 countries. Was that worth it. Absolutely, positively, most certainly. Do I regret it, not one bit, and not even to the compound effect detriment.

My point, I admire your investment commitment. However don't give up life for it.

 

Out of interest are you doing anything to ensure you minimise capital gain on any sale?

 

And acknowledge those that help us in our journeys as well, right?

 

Good article. The reasons you have provided for rentvesting are clear, logical and well articulated. I am not a rentvestor, more of a sharedhousevestor. The only point I would add to your list is that I can't actually afford to invest in property and have a ppor. It is one or the other for me, so I choose property investing because that is more important to me than having a ppor

 

you make a good point @BarneyRubble. Had a few ppl tell me this also. Thanks for the feedback

when it comes time to sell which I'm hoping will be a lot later down the track I'll be giving this a closer thought @big max.

I'm with you on that! Thanks for the comments @Perthguy

 

Great job Taku well done !
I love your humble attitude -
I have rentvested for 20+ years now-it totally takes sacrifice but well worth it !
Well done -I learn from you

 

Nice article @Taku Ekanayake I might forward it on to a millennial friend of mine to show it CAN be done .

 

Taku

Love the article - great inspiration for young people wanting to move into the property market. When renting in upmarket trendy areas a key risk for young people is enjoying the lifestyle so much that too much disposable income is spent on entertainment, holidays, café and restaurants where it becomes seductive to spend too much disposable income and not invest.

This article highlights the value of investing that disposable income and moderating lifestyle to achieve financial independence in the long run - great article!

Link below on pro's and con's of rentvesting:
What is rentvesting and is it better than buying a home? | finder.com.au

 

imagine you bought your PPOR in marrickville few years ago rather than rentvest somewhere else...capital gain +++ and CGT exemption.

 

I believe his max purchase price was $400K odd so when he was ready to go he was priced out of sydney.
Look at the other way if he had totally stretched himself to the 850K to buy where he needed to live in sydney and then prices didnt go up so quick where would he be now?-Possibly maxed out paying one huge mortgage and unable to invest further atm

 

As someone looking to get into PI and currently renting this is a strategy i'm looking at more and more. I'm only very much a novice in the PI cycle but this seems like it would suit the lifestyle we currently live and my situation but yeah still need to do a ton more work on this strategy.

Is there anymore pro's and con's left out of that article that someone with basic knowledge of rentvesting would need to know? Want to do more work on this to see if it would be right for me.
Thanks