B
brains
Guest
hi all,
This may seem like a pretty basic question to some, but i cant seem to get my head around the concept of turning the equity in your IPs into income. I have an idea that it involves a line of credit loan but thats as far as i understand it.
The reason i am asking is because sometime in the next few years i plan on selling my business and relying on my IPs for income. (or attempting to As well as maybe doing a reno or two per year and maybe some share/options trading and whatever else pops up.
I see it as a much less stressful way of living (and earning income)
than running a business/working. (Ive had enough stress to last me a lifetime
Its going to seriously effect my serviceability of future loans but i will find some way to get around that with the help of a creative accountant/mortgage broker.
If anyone on the forum can explain the concept or has done this sort of thing already id love to have a chat.
Thanks
This may seem like a pretty basic question to some, but i cant seem to get my head around the concept of turning the equity in your IPs into income. I have an idea that it involves a line of credit loan but thats as far as i understand it.
The reason i am asking is because sometime in the next few years i plan on selling my business and relying on my IPs for income. (or attempting to As well as maybe doing a reno or two per year and maybe some share/options trading and whatever else pops up.
I see it as a much less stressful way of living (and earning income)
than running a business/working. (Ive had enough stress to last me a lifetime
Its going to seriously effect my serviceability of future loans but i will find some way to get around that with the help of a creative accountant/mortgage broker.
If anyone on the forum can explain the concept or has done this sort of thing already id love to have a chat.
Thanks