How Long Do I Need to Rentvest Before I Can Buy My Primary Residence?

Reinvesting v's buying a primary residence: how long do I need invest in rental properties before I can buy my primary residence? We hear this incredibly common question both in our Discovery and Strategy calls, so why not jump in and unpack this popular debate for many Australians at all stages of their investment journey. Find out if you’re starting from scratch whether you should invest or purchase a primary residence first (hint: invest), the exact strategy, time frames and the step-by-step process to get you into your dream family home with an investment portfolio creating passive income that could pay for the mortgage. We have our resident fan favourite and APS Senior Buyers Agent Jason Titus, joining Sam and Jimmy back in the studio to discuss and dissect this topic. If you loved this episode please hit the subscribe button and send it on to someone who would take some value, and please give us a 5 star review if you haven't yet and are loving the poddy! If you want your question answered on our podcast DM us on our socials or email us at [email protected] Send us your questions to: Instagram: @australianpropertyscout Want to book a call with us: Website: https://australianpropertyscout.com.au Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice. Australian Property Scout Pty Ltd | License Number: 10094798 | ABN: 64 638 266 369 (00:00) Welcome (02:26) When does the primary residence come in? (04:44) Jase’s investing journey  (07:42) What is the real reason for wanting a primary residence? (09:07) Is rent money, dead money? (15:53) I want to my own home because I’m sick of moving rentals (16:56) What are the indicators that show you’re not ready to buy a primary residence? (20:38) How long do you need to work to reach your goals?  (24:02) What do you NEED to buy to reach your goals? (28:18) So, how long should you rentvest for? (32:53) You can never go back and get growth (35:13) It doesn't matter where you’re starting from (38:58) Control where you want to be - be intentional (42:17) If you don’t know how, engage someone to guide you (44:52) Property is a long term game  (49:02) You can’t run faster than a ball  (52:16) What does year 7+ look like post primary residence? (57:44) You should always be thinking at least 1 property ahead