Search results

Reply: 4.1.2.1 From: Mike . Hi Guy, In your post you say: "The way I see it if I live off rental income or wages I pay a fair bit of tax, If I live off the line of credit my "tax" is the 8% interest I 'pay' to the bank." Have you forgotten that the IP's are still producing assessable...

Reply: 2.2.1 From: Mike . Hi Seagull, Following on from my previous post you were interested to know what I meant by "converting the equity of your property into an Immediate Annuity". That remark was off the cuff and offered as a possible strategy in preference to selling the properties...

Reply: 2 From: Mike . Hi Seagull, Have you noticed the many financial institutions collapsing over the past few years leaving investors stranded? Why would you risk giving all your assets to these financial institutions? Hang on to the property. Convert the equity into an Immediate Annuity...