Being set up financially is something we all want to achieve during our lifetimes, with many of us putting in a lot of work day-to-day in order to get there. But an increasingly popular way of making ends meet is people purchasing investment properties before they secure their own home.
While this sounds like a lot of work, getting the rental process underway and getting an income from your portfolio could be just what you need to achieve your long-term goals. You can use this money however you see fit – whether for living expenses or putting it straight towards your mortgage.
This effectively lets the house pay itself off. At the same time, if you've bought a house in a less expensive area, you're technically saving money in the grand scheme of things. And over time, as your investment property grows in value, when you do decide to buy your own real estate in Bentleigh, you can use the equity from your investment to do so.
If you're interested in searching for an investment home in Bentleigh, be sure to get in touch with Matt Hurlston at Ray White Carnegie. His expertise and knowledge can help you secure great properties in the local community.