Hi Pete

I have never invested in property before so bear with me if this a stupid question. The question is…when you redraw your equity don’t you have to increase your monthly payments to the lender?? So is a property has positive cash flow and you redraw the too much equity the property may turn negative, wouldn’t it??

Am I completely wrong in my assumptions??

Thanx
Phu

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Hey Richmond….

Firstly, well done on the capital gain purchases you have made..very nice – know of anymore?

You say you have $50 000 in cash, don’t forget about the equity in the other two properties you have which looks around $405 000 ([320000-130000] + [371000-155000]) 000 which you can redraw and playwith….

In regard to positive cashflow properties….You may or may not have read this but its worth a look:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1103

Hope this helps

Pete

…Beware of the dreamtakers…

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