I intend to live off the equity from my IP's in retirement.
Then pass them onto my family (hopefully I won't have spent all the money).
My broad plan is to use the 'reverse mortgage' which I think will become an everyday tool (it's like a LOC I guess) in the future for retired people who own ppty or IP's.
I would like to hear from anybody who may be using a reverse mortgage.
I have to say that this post is the biggest ever I have seen on any forum !
K
Then pass them onto my family (hopefully I won't have spent all the money).
My broad plan is to use the 'reverse mortgage' which I think will become an everyday tool (it's like a LOC I guess) in the future for retired people who own ppty or IP's.
I would like to hear from anybody who may be using a reverse mortgage.
I have to say that this post is the biggest ever I have seen on any forum !
K