I am trying to calculate our ideal end goal so I can model the impact of changing the parameters, and would appreciate some help with the numbers I should use to get me started. Our current strategy is to accumulate IPs for growth using leverage, then extract the equity and possibly sell down a couple and buy a spread of income producing shares. 1) How much available equity is required to produce a net income of 150k without selling anything down? 2) And if we sold a couple of IPs to limit the share gearing so we had say 300k to 500k, how much extra equity in IPs would be needed then? I guess the process would be extract the equity via a standard loan (or LOC?), set up an offset account for 75% but use a maximum of 50%. Shares would probably be purchased in our trust, so I would assume a maximum tax rate 30%. I am not sure of what other variable values I should use. We are a little off doing the share part yet, but are going to purchase another couple of IPs once finance comes through, so I would like to understand this before buying. Thanks very much to anyone who can assist.