As I mentioned earlier, NW is high but unless you convert to cash, no point. Also, getting a Ferrari approved by the domestic affairs officer in the house is not an easy task.
Yes, I can sell a property or two and take the capital gains and buy a Ferrari, but I also lose the capital growth of that property. As the property portfolio has been growing at around 5% per year, in say three or four years that’s around $800k in growth. To be honest, I don’t want to purchase more property to hold. Happy to undertake more developments to sell and then use that to pay down the loans. These are all the things I’m needing to consider moving forward. Ultimate aim is to retire with passive income of around $100k per year.
PS. Thanks for pointing out the dead link. All fixed now.