A Rentvestor is somebody who purchases an investment property and leases it out to others in favour of renting at another property themselves in the preferred location. In some cases, people will “go in together” to co-invest in a property, choosing to live elsewhere.
Rentvesting may be considered:
- by those wanting to get a foot on the property ladder, but unable to afford a home in the location of their choice.
- by siblings or other family members “going in together” to purchase an investment property due to being unable do so so alone, or because they would like to live separately
- by someone who can afford to purchase an investment property, but works away a lot or wishes to travel overseas and therefore leases it out and lives elsewhere when they are home