Ask Michael Anything [Video] – Living off equity

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.

• Also read:Beware of the unintended economic consequences ahead | Property Insiders [Video]
• Also read:Is there a looming schools shortage?
• Also read:Making an offer on a property – What price should you offer?
• Also read:Questions and answers: Inflation & interest rates
• Also read:The 15 Best Suburbs to Invest in Sydney in 2022

I look forward to your answer.

Anthony Ling

YOU MAY ALSO BE INTERESTED IN:

ASK MICHAEL ANYTHING [VIDEO] – 1 BEDROOM APARTMENT VS. LOCATION

ASK MICHAEL ANYTHING [VIDEO] – WHAT ARE THE IMPLICATIONS FOR BEGINNING INVESTORS?

ASK MICHAEL ANYTHING [VIDEO] – WHAT’S IN STORE FOR THE SYDNEY & MELBOURNE PROPERTY MARKETS?

About Michael Yardney Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au