Go offline with the Player FM app!
Why 'rentvesting' doesn't work (for most people most of the time)
Manage episode 480853568 series 2634896
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
See omnystudio.com/listener for privacy information.
515 episodes
Manage episode 480853568 series 2634896
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
See omnystudio.com/listener for privacy information.
515 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.