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From: James Wollaston
Okay IP sports fans,
Being an avid supporter of the "never, never, ever (not now, not tomorrow, not later) sell" school of property investing I am curious about the approach of others towards generating an income out of this strategy.
I understand that if the gods of capital growth are kind to you that in say 5-10 years time your average IT contractor (;-p) can expect to be sitting on 2-5 million? worth of property assets. So is the end game here - sleeping in on Monday mornings - dependant on your properties steadily becoming cash positive (if they weren't slightly already) or the selective investment of some of the now copious equity into some interest bearing vehicle - eek, managed fund? - or something else?
Regards,
James.
Okay IP sports fans,
Being an avid supporter of the "never, never, ever (not now, not tomorrow, not later) sell" school of property investing I am curious about the approach of others towards generating an income out of this strategy.
I understand that if the gods of capital growth are kind to you that in say 5-10 years time your average IT contractor (;-p) can expect to be sitting on 2-5 million? worth of property assets. So is the end game here - sleeping in on Monday mornings - dependant on your properties steadily becoming cash positive (if they weren't slightly already) or the selective investment of some of the now copious equity into some interest bearing vehicle - eek, managed fund? - or something else?
Regards,
James.
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