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From WEALTH CREATION to WEALTH TRANSFER: The Planning Every LANDLORD Needs
Building a property portfolio is often about creating wealth, generating income and leaving a legacy. But what happens to that portfolio if the person responsible for building and managing it is suddenly no longer there?
In Episode 133 of the Prime Property Finance Podcast, Gareth Morgan and Mark Watts discuss why landlords need to think beyond wealth creation and start planning for wealth preservation and ultimately wealth transfer.
In this episode, we discuss:
• Why "my properties are my life insurance" can be a dangerous assumption
• What can happen to mortgages, rents and property values…
The skinny
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