retirement I want it

Viewing 5 posts - 1 through 5 (of 5 total)

bw
Participant
@bw
Join Date: 2004
Post Count: 3
January 11, 2004 - 1:18 am
Hi there,
I was wondering what the members thought about taking debt into retirement. What I mean is if the properties are running positive and you continue to purchase further properties should you consolidate your debt prior to retirement or keeping buying and if they are running positive and you can find a tenant the more properties the merrier.
Also, anyone who did the country homes tour from Sydney purchase from them? I think they offer from 8 to 10 percent rental guarantee
Thanks
Brooke
richmond
Participant
@richmond
Join Date: 2003
Post Count: 831
January 11, 2004 - 1:38 am
I’d look awfully carefully at anything that offered a rental “guarantee”
cheers
r
bw
Participant
@bw
Join Date: 2004
Post Count: 3
January 11, 2004 - 2:01 am
Richmond,
Thank you. I guess you are right it is only guaranteed by the company, and what is the company????
Brooke
bw
Participant
@bw
Join Date: 2004
Post Count: 3
January 11, 2004 - 2:27 am
Richmond,
Thank you. I guess you are right it is only guaranteed by the company, and what is the company????
Brooke
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
January 11, 2004 - 6:04 am
Hi Brooke
quote:
Originally posted by bw
I was wondering what the members thought about taking debt into retirement.
Absolutely. I hope to take as much debt into retirment as I possibly can. I’m more than happy to leave my kids (if I have any) a massive debt, cos I know that there will be an even more massive equity built in.[]
Cheers
Mel