{"id":13257,"date":"2017-08-14T01:00:37","date_gmt":"2017-08-13T15:00:37","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=13257"},"modified":"2017-08-14T01:00:37","modified_gmt":"2017-08-13T15:00:37","slug":"the-original-rent-vestor-brad-beer","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/the-original-rent-vestor-brad-beer\/","title":{"rendered":"The original rent-vestor – Brad Beer"},"content":{"rendered":"

Probably the original \u2018rent-vestor\u2019 \u2013 Brad Beer<\/strong> \u2013 joins us to explain why he waited until age 40 to buy his first principal place of residence.\u00a0 He is a man ahead of his time!
\nTranscript:<\/strong>
\nKevin:<\/b>\u00a0 We have spoken on the show about rentvesting in the past. I love talking to people who\u2019ve done it, because I am quite often asked \u201cDo you know of anyone who is rentvesting?\u201d Well, I know of someone who did, and that\u2019s Brad Beer, from BMT Tax Depreciation, who joins me.
\nGood day, Brad.
\nBrad:<\/b>\u00a0 Hi, Kevin. How are you today?
\nKevin:<\/b>\u00a0 Yeah, good, mate. You\u2019re a rentvestor. Tell me about it. How did it work for you, and what did you see were the advantages?
\nBrad:<\/b>\u00a0 I was a rentvestor until about the age of 40, which was a long time. I\u2019m only 41 now.
\nKevin:<\/b>\u00a0 That was, what, last year? Yeah, I was going to say.
\nBrad:<\/b>\u00a0 Rentvesting to me, why did I do it, I think it depends on a few things. If you look at the current situation, where in areas properties become\u2026 Obviously, increasing prices and I don\u2019t know if the word \u201cunaffordable\u201d is the right word for it, but expensive to get into a property where you want to live. And that was the same in different places in the past.
\nI took an idea where I thought \u201cI\u2019ll rent a property in a place where I\u2019d like to be.\u201d The returns on higher-priced property are quite low, and what I did was went \u201cI can rent something here, and I can buy three or four different investment properties. My risk is reduced, and I\u2019ve still got money in the property market, so I\u2019m still able to take advantage of the growth.\u201d
\nI actually then just kept doing that over and over again for a long period of time and renting better properties, the rental return being pretty light on higher-priced property often as a percentage. I bought a lot of less-expensive properties, took advantage of the growth, and it was a good strategy with me, absolutely.
\nThere are some pros and cons with rentvesting. To me, I think some of the cons are things like you can get kicked out because of the lease when it finishes. But I think on that, you have to realize that maybe you\u2019re going to need to move on day and make an allowance for removal in the costs of these things, I suppose.
\nThe ability to change the property is a bit of a con, I suppose. You need to find a property you\u2019re happy with. And you just don\u2019t have some of the stability that you do when you own your own house.
\nThe fact that you also lose out on some of the potential\u2026 The family home is the one tax haven in the world that doesn\u2019t have a capital gains tax associated with it, and not being able to take advantage of that is obviously something that makes it a negative thing.
\nTo me, I spent a good 15 or 18 years of time where I rentvested. I was able to live where I wanted to be, rent out property that was fantastic, and still invest in multiple properties in multiple places and take advantage of growth.
\nAlso, obviously, I got to take advantage of the tax deductions that come along with investing in a property through the interest and things, the deduction, the income. But also, obviously, that depreciation \u2013 me being the depreciation guy \u2013 is not the reason to rentvest.
\nIt\u2019s one of those things where the cash flow, when you compare whether I rent a property and buy another property, the cash flow difference between the two \u2013 with that depreciation included \u2013 sometimes comes out very, very similar. So if you\u2019re still able to take advantage of the growth and live where you want to live but you may not be able to afford to buy, it\u2019s definitely a great approach towards achieving that.
\nKevin:<\/b>\u00a0 The two things you mentioned there about the cons of rentvesting \u2013 one was a lack of security, the other one was that you don\u2019t have the ability to do any work on the property yourself \u2013 they\u2019re pretty much balanced out by the fact that you are rentvesting.
\nYou have your own property, you can pour a bit of capital or a bit of your own personality into that, but also, you\u2019re building up your strength, aren\u2019t you? You\u2019re building up equity in the properties that you own, so it\u2019s really not dead money at all.
\nBrad:<\/b>\u00a0 I don\u2019t see rent as dead money at all. Really, I have changed from rentvesting. My mentality 15 years ago was always \u201cWell, I make some capital gains out of those properties and therefore some money out of those properties, and to buy the one that I do want to buy one day, I\u2019ll have made the money to do it. So, I\u2019m not having to try and save it, because I\u2019m making it out of the growth of those properties.\u201d
\nYes, you still have opportunity to do those renovations, and I\u2019ve done a lot of renovations and small developing, as well, at the same time. Being able to have not a whole bunch of borrowing capacity tied up in a principle place of residence at a young age meant that I had the flexibility to invest in those properties, chop change, and make some money from them.
\nKevin:<\/b>\u00a0 Well, it was good talking to you. Brad Beer, from BMT Tax Depreciation. Thanks for your time, Brad.
\nBrad:<\/b>\u00a0 Thanks, Kevin. Always glad to be here.<\/p>\n","protected":false},"excerpt":{"rendered":"

Probably the original \u2018rent-vestor\u2019 \u2013 Brad Beer \u2013 joins us to explain why he waited until age 40 to buy his first principal place of residence.\u00a0 He is a man ahead of his time! Transcript: Kevin:\u00a0 We have spoken on the show about rentvesting in…<\/p>\n","protected":false},"author":176692471,"featured_media":14615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,32,34,10,11,13,36,25,27],"tags":[101],"class_list":["post-13257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bmt","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nThe original rent-vestor - Brad Beer - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/the-original-rent-vestor-brad-beer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The original rent-vestor - Brad Beer - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Probably the original \u2018rent-vestor\u2019 \u2013 Brad Beer \u2013 joins us to explain why he waited until age 40 to buy his first principal place of residence.\u00a0 He is a man ahead of his time! 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