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  • Profile photo of MicasaMicasa
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    @micasa
    Join Date: 2004
    Post Count: 29
    December 5, 2004 - 11:11 am

    Thanks for the replies. I guess I will keep doing the hours and reduce the principle as quick as possible. Not familiar enough with wraps at this stage, and I don’t have much time to manage the properties.

    Thanks again
    M

    Profile photo of MicasaMicasa
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    @micasa
    Join Date: 2004
    Post Count: 29
    December 5, 2004 - 7:50 am

    OK next question. Considering that Rick provides this return. If I use the redraw availability on my PPOR @ 6.5%, and take out $40000, which I then invest with Rick @ 12%…I can still repay the redraw at 6.5 % and make a profit of 5.5 %. I’m I missing something here?

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