When it comes to your investment property, how long does it take to live off the equity?
Watch as I discuss the difference between good and bad debt and how to pass property to your children without causing them financial burden.
This week’s question:
Thanks for providing this great facility to Ask Michael questions
Michael, I know you believe in borrowing against high growth properties and living off equity.
How and when do I pay down by debt?
When do I eventually own my properties?
I want to pass them to my kids, but using your system I’ll be leaving them with debt.
I look forward to your answer.
YOU MAY ALSO BE INTERESTED IN:
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.