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or perhaps he meant donating it to his younger sister in 2003, at 115% p.a. or perhaps he meant donating to his daughter in 2030, at 7.97% p.a. Either way, he's definitely onto something, even though the maths is a bit awry.

Hi Jason, Yes - I think the technique is still valid.....but then all properties are not equal....and you certainly don't need ten of them. I was looking at one building the other day with an annual rent of 9.3M p.a. I guess you wouldn't need ten of them to make a comfortable living...