From: Paul Roberts
A question to pose - what are peoples exit strategy. What I mean is, when you have required enough equity in your portfolio, how do you access the capital as cash flow to finish wage work? I am aware of the strategy of selling X amount of properties and then decreasing debt to live on the remaining rent, but most people advocate never sell. I certainly don't want to sell and loose capital producers. If you never sell how do you access capital? Yes you can borrow against the properties and live on that but that falls under bad debt i e non tax deductible. Are there any other exit strategies other than the obvious of selling and reducing debt?
A question to pose - what are peoples exit strategy. What I mean is, when you have required enough equity in your portfolio, how do you access the capital as cash flow to finish wage work? I am aware of the strategy of selling X amount of properties and then decreasing debt to live on the remaining rent, but most people advocate never sell. I certainly don't want to sell and loose capital producers. If you never sell how do you access capital? Yes you can borrow against the properties and live on that but that falls under bad debt i e non tax deductible. Are there any other exit strategies other than the obvious of selling and reducing debt?
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