Really surprised with Kochie in this interview.
Unfortunately since the GFC, the word 'debt' now has a real negative stigma to it. There is nothing wrong with her asset position given the diversification. Her interest expense would be an indicative figure of $200,000 per year.
Hopefully she has the correct structures with regards to companies and trusts. Also ensuring her properties aren't cross-secured and are with many lenders.
An interesting thought; which is more vulnerable, an individual's employment or rental income? I can only speak for Perth but I would say the former. Banks will take 100% of an individual's income but only 80% of the rental income.
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- sunrise david koch this morning dug in
Really surprised with Kochie in this interview. Unfortunately...
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