Thanks TerryW for your comments.

Thanks Colin. I’ll reply properly to you down the track as without going in details I will be away from tomorrow for about 3 weeks for medical reasons. There is a lot in what you’ve said and I appreciate your efforts, ideas and being generous with your time. I do lack the knowledge and I’m sorry that I’d not…[Read more]

Hello Zeng
Thanks for your kindness and contribution of good ideas. The penny is certainly starting to drop and I must say I’m a bit embarrassed that I know so little despite what assets I’ve accumulated in bricks and mortar.
Before coming to this site I was thinking I would have to sell at least one of the assets to get more cash to get me…[Read more]

Thanks Derek
Still stewing about all this Derek but some good ideas nevertheless. I’m wondering how others on this site are feeling re this idea of living off equity. So far noone has responded. Sorry to say this but my research so far does not hold Steve McKnight in a high regard particularly in respect of the ‘wrapping’ legal matter.
Carpe…[Read more]

Originally posted by Derek:
Hi CD,

Thanks for the offline details.

I’ll post an approach here that will. in all likelihood, provide some debate.

As it currently stands you are asset rich and cashflow poor so an option may be a reverse mortgage or modification thereof.

Currently your debt level is 23% of your overall property portfolio – own…[Read more]