From: Paul Roberts
With the build up of capital relatively easy, what do you support as a retirement-from-wages strategy? Obviously property investing and renovating is a life style and will never cease - slow down maybe but not stop. How do you turn capital into cash flow? The axiom of never sell is good advice given the continuity of capital gain and the large costs/taxes associated with selling, so what are the bright people doing to access cash flow? The idea of using borrowing against the capital to live on is flawed as this then is a non tax deductible debt and will continue to escalate. I'm not going to die young, time is the greatest gift. Also the taking of life insurance is very expensive as we age. I want my son to have a legacy not a whole lot of 'deceased estate' sales to cover the debt. There has to be a smarter way to do business.
So guru's and all lateral thinkers please help.
Regards
Paul & Jen
'No one can make you feel inferior without your consent'
Eleanor Roosevelt
'Data is not information, information is not knowledge, knowledge is not wisdom'
Phillip Adams
With the build up of capital relatively easy, what do you support as a retirement-from-wages strategy? Obviously property investing and renovating is a life style and will never cease - slow down maybe but not stop. How do you turn capital into cash flow? The axiom of never sell is good advice given the continuity of capital gain and the large costs/taxes associated with selling, so what are the bright people doing to access cash flow? The idea of using borrowing against the capital to live on is flawed as this then is a non tax deductible debt and will continue to escalate. I'm not going to die young, time is the greatest gift. Also the taking of life insurance is very expensive as we age. I want my son to have a legacy not a whole lot of 'deceased estate' sales to cover the debt. There has to be a smarter way to do business.
So guru's and all lateral thinkers please help.
Regards
Paul & Jen
'No one can make you feel inferior without your consent'
Eleanor Roosevelt
'Data is not information, information is not knowledge, knowledge is not wisdom'
Phillip Adams
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