So my father's super has taken a decent hit or two over the last 9 years and it has dwindled to a measly $125k. Dad is 73, still very active and no health issues to speak of. He has a wife and they live in a small 1br unit in Croydon VIC, est value to be $300k, no mortgage. He owns a second property a stones throw from his PPOR, that property is a double block, worth at least $900K.The problem he has is a reducing super balance by him drawing $40K pa to live on, and his $900k double block he would like to develop it but doesn't have the income to service any loans he may be approved for. The other major problem he has is hoarding, the dbl block is trashed with rubbish and his belongings that he never wants to part with. So I was thinking how can I help him get a stable yearly income that would not run out after 3 years, maybe around $40 to $50k net income per year would be good enough for him. While keeping his mini garbage dump block safe for him to wander and remember the "Good Ol'Days" 1. If he gifted his 900k property to me, I could draw on the equity to fund deposits for 7 properties @$500k each (assuming 20% deposit + 5% costs) So that is $3,500,000 (7 x $500k) I would put all the properties in my husband's name as he is the earner in our family with taxable income of $180,000 per year. I would love to be able to then send money to dad when the properties LVR lowers and I can either sell one to pay down some debt, or borrow against the portfolio to give dad money to live on. Is this a crazy idea? Would you do it differently? Glad to hear all comments, please be kind. My background: I have PPOR in Mitcham $850,000. I have 2 IP's: A 2br unit in Croydon VIC $350,000 and a 4br house in Griffin QLD $480,000. The latter I purchase through OPEN WEALTH CREATION (also known as OPEN CORP) I don't know them from a bar of soap, but after months of watching their youtube "WODS" I needed to take a leap of faith and honestly I can say they were and still are terrific at what they do. No hard sell, we bought a H&L OTP and it was my first time doing that too but they helped us every step of the way. I would highly recommend them.