While some first home buyers are lucky enough to find the perfect property & place to buy in, there are also a number of those who don't - but there are options.

In this episode, we're going to discuss choices you have if you can't afford to buy where you really want to live. We're covering rent-vesting, co-ownership and getting a guarantor for your loan, along with their pros, cons, and risks involved.

So, if you're a first home buyer who needs a little push in the right direction, tune in to today's episode for advice, tips, and resources.

See you on the inside!

1. Option #1: Rent-vesting [02:47]
     • A chance to "try out" a property before settling down
        [05:18]
     • The deductibility of expenses in holding the property [06:11]
     • Thinking long-term on a property that is
        investment-grade [08:20]
     • The importance of choosing a good accountant & getting
        great advice [09:35]
     • Get the most tax benefits from brand new properties
        [11:42]
     • Make sure you have future, strategic plans coming into the
       market [14:01]

2. Option #2: Parental guarantors [18:48]
     • Consequences of buying a bad asset & debt build-up [21:25]

3. Option #3: Co-ownerships [24:21]
     • Working out the "what-ifs" right from the start [26:09]
     • Tenancy in Common vs Joint Tenancy [28:28]
     • Put everything on paper - contracts, agreements, and
       ownership structure [31:43]

• Get our FREE First Home Buyers course! (https://www.homebuyeracademy.com.au/freecourse)
• Our article on Rent-vesting (https://homebuyeracademy.com.au/PREPARATION/rentvesting)
• Our article on choosing to buy a house or apartment (https://homebuyeracademy.com.au/ACTION/apartment-should-you-buy)
• Our article on parental guarantors (https://homebuyeracademy.com.au/PREPARATION/parents-guarantor-mortgage)
• Our article on why you should never buy off-the-plan (https://homebuyeracademy.com.au/ACTION/why-you-should-never-buy-off-the-plan)

• Home Buyer Academy Website (https://www.homebuyeracademy.com.au/)


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