It's good to see you guys talking about "8 figure" portfolios and drawing out $2 mil equity.....it sounds so nice.... MIW care to share your story???
Very long term plan for some, get rich slow
Thanks to this SS forum, since inception in year 2000 and 8 years of accumulating a large asset base, and having a break for 5 years, we decided to invest again, so basically added to portfolio.
In addition, added renovation to strategy, bought few IPs with large land component for future redevelopment, and now decided for the first time to access the equity!
Paying at least 20% deposit on each IPs early in accumulation stage, doing it the hard way as compared to most, allows now for the equity draw down...
Also, having invested into IPs in SMSF, having spouse close to access TTR or SMSF within few years allows other choices too.
Just set a strategy to accumulate within say 10 years time, with buffers in place for unexpected occurrences, then let the market do it's thing for the next 10 years and then the following 10 years will permit great retirement....
I hope this works as the past history did for most RE investors!
Also, continue to grow and learn!
Having a large asset base helps with any increase in valuations, rents, thus equity draw down too, so let the market time do its thing!