I know, Living on Equity however also sees the same sort of isse I thoguht from reading here (I actually live on peanuts), so same brick wall coudl be hit with both strategies.
Doesn't Living on Rent imply a cashflow positive portfolio giving you cash to live on ?
How does the bank stop you from receiving the cash and living off the rent by deeming you to be "too rent reliant" ?
