Ebonny profile image 93

Property - Releasing equity and renting at the same time query

In retirement, is buying a property, releasing the equity and banking it to get interest, and also renting out this same property, a viable way to making money in the here and now whilst retaining an asset (the property) that will grow in value over time? Are there any disadvantages you can think of?


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LandmarkWealth profile image79

Best Answer LandmarkWealth says

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5 years ago
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  • Ebonny profile image

    Ebonny 5 years ago

    Thanks you for your detailed and thoughtful response LandmarkWealth. Yes, a bad tenant is always a possibility and unexpected maintenance costs can always occur. In my friend's case, he would not need to borrow to buy the house. Thanks again.

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