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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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.
Maybe I missunderstood. I meant the releasing of equity from the property being exposed to interest rate risk.