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Thanks bluecard this Is what I was aiming at doing if it worked.

Marg4000, cmon your making out i'm coming up with these options. I wouldn't dare rort my mum, please. She is 65 years old and all she wants is to pay out her 200k mortgage and use the 1400/mth she pays the bank and put it in her pocket while keeping her pension. Now if I can help her...

Wow some good advice there guys, thanks for everyone involved. I like the idea of buying the property of mum at a discounted price. But say it's worth 850k and I buy it at 400k with an interist rate of 6%, that's 24k ive got to come up with. No chance. If the answer to that is "use the...

Not yet she loves her area and its a nice place, to sell her townhouse and buy a property for $400k, she would be looking at units of average quality. I know, If she wants more money maybe she'll have to bite the bullet. Just want to give her options. Thanks

Yeah thanks, Im not advising anything yet but would like to if someone knew a better way. I was under the impression that equity in property just sitting there is better off making money elsewhere.

Hi, My mum has recently retired and she is living on the pension of $315/wk. She has a mortgage of $200k and her townhouse is worth about $850k. She has $100k in super and draws out down about $900/mth. I have just started out in property investing and am sure there is a better way for her...