From: Simon and Julie M
Hi Everyone
We have 7 rental properties in the ACT which we have accumulated over the past five years.
We had enough Equity and income to take us this far and would like to keep accumulating cash flow positive properties forever. The problem we are facing is the bank does not see what a wonderful idea it is and are saying we need more personal income to support our habit. This defeats the purpose of the exercise in our case for we would like to decrease our personal income and increase the passive.
Should we get into a Business as well to increase our cash flow?
Flip some of the Properties?
Does any body out there have any suggestions?
Your experience will be greatly appreciated.
Regards Simon
Hi Everyone
We have 7 rental properties in the ACT which we have accumulated over the past five years.
We had enough Equity and income to take us this far and would like to keep accumulating cash flow positive properties forever. The problem we are facing is the bank does not see what a wonderful idea it is and are saying we need more personal income to support our habit. This defeats the purpose of the exercise in our case for we would like to decrease our personal income and increase the passive.
Should we get into a Business as well to increase our cash flow?
Flip some of the Properties?
Does any body out there have any suggestions?
Your experience will be greatly appreciated.
Regards Simon
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