young adults I paid a deposit, and did a kitchen reno, bathroom reno, plus air... she had responsiblity to pay rent, the equivalent of all outgoings..interest on the loan, insurances, rates, water etc as if it were her own home...which it was purchased in 2000 she was happy with the appreciation of her asset
of course she had friends, who suggested she borrow against the equity to indulge in shares etc
she said no thanks, ...she was not keen on shares, she liked what she saw with commercial property....
there was no rush, money was not a huge deal to her she was not flashy, nor a big spender, just quite modest
we had been on the lookout for more commercial props, I put them into a trust for her, and other family members...
planting seeds for future growth....so eventually they would be self sufficient, living off the income generated..
I am talking modest purchases, in a growth area, that will generate good income in years to come...
