just to throw a spanner in the works ... don't forget rent goes up so the repayments are sort of covered by rent .. therefore interest is paid by rental income and not from the loc/annuity.
PLus why sell your portfolio after years of building it to create a passive income in the first instance only to find your self having to pay CGT and also lose the source of your passive income?
PLus why sell your portfolio after years of building it to create a passive income in the first instance only to find your self having to pay CGT and also lose the source of your passive income?
At a time when the market is about to take off ( yes, you can work that out ) , buy multiple IP's with a maximal LVR, and then when the market has gone up , sell enough of you IP's to pay down a significant proportion ( or all ) of the debt.
This will give you a smaller portfolio with a very low LVR that is genuinely cashflow positive, and completely bullet proof.
Obviously this is different to your approach Rix, but it is an alternative way.