Hi Bianca
I have just been reading another a post you started.
It spelled out your position.
The above example is pretty close to your current situation (I think)
My wife Julie and I have so far succesfully been living off equity full time for just over four years and can understand the questions you have been asking.
Like you we built a large IP portfolio in a regional area(ACT).
When we reached around 6 IP's we started to look seriously at what we were doing.
We had heard of Steve Navra. We met with him and found his cash bond strategy at that time (around 4 years ago)suited our own plans so we learned a lot from him in regard to finance and property analysis. He was the one that showed us that we could stop working in our jobs. He has written epic posts on this forum in that regard.
Having said that, we moved on from his structure back to our own which was to buy good realestate below market value, add value through simple cosmetic renovation,hold and lease out,refinance for future growth and maintanence.
IMHO, you and your husband have already done all the hard work. It is now time to get your heads around the concept of making your assets work for you.
Build a team of masterminds,get your heads around financing portfolio structures. My broker is Mr Ed from this forum.He understands and specialises in this type of thing.
Kind regards
Simon
I have just been reading another a post you started.
It spelled out your position.
The above example is pretty close to your current situation (I think)
My wife Julie and I have so far succesfully been living off equity full time for just over four years and can understand the questions you have been asking.
Like you we built a large IP portfolio in a regional area(ACT).
When we reached around 6 IP's we started to look seriously at what we were doing.
We had heard of Steve Navra. We met with him and found his cash bond strategy at that time (around 4 years ago)suited our own plans so we learned a lot from him in regard to finance and property analysis. He was the one that showed us that we could stop working in our jobs. He has written epic posts on this forum in that regard.
Having said that, we moved on from his structure back to our own which was to buy good realestate below market value, add value through simple cosmetic renovation,hold and lease out,refinance for future growth and maintanence.
IMHO, you and your husband have already done all the hard work. It is now time to get your heads around the concept of making your assets work for you.
Build a team of masterminds,get your heads around financing portfolio structures. My broker is Mr Ed from this forum.He understands and specialises in this type of thing.
Kind regards
Simon