Hi Carpe,Have you ever looked into borrowing against your existing equity and simply spending it on yourself? You should get the advice of an accountant to determine how much to borrow to ensure that you don't overextend yourself. Providing that you don't borrow more than your portfolio rises in value each year, including compounding interest…[Read more]

millions wrote:
By the way, I attended a Seminar on Friday at The Property Expo where Michael Yardney was a speaker.  I think his advice was good and he was an honest character.

I was there on Friday also Linda and thought Michael presented well. He is a wealth of knowledge.

millions wrote:
Hi Brad, I'm hoping to start on a project of 8-12 townhouses in about 3 years time on a block I already have.  My bank manager said to give him a call when I'm ready, finance won't be a problem, and I'll have to sell them off-the-plan.  I would like to sell 1/2 and keep the rest.  Using your spreadsheet I worked out it can be don…[Read more]

redwing wrote:
Hi Brad,You have the term EQUITY HARVESTING as a trademark on your site?Thanks for the link to your site, having a browse nowEquity Harvesting Google results:http://www.google.com.au/search?sourceid=navclient&ie=UTF-8&rls=GGLR,GGLR:2006-40,GGLR:en&q=equity+harvesting

Hi Redwing – yes I do have a chapter under the Investors…[Read more]

Hi Foundation – in response to your comment above I began with that concept (Equity Harvesting) about 5 years ago and presented it as an option to various forum debates, I think the posts were on the somersoft forum. Most people shot the theory down in flames but I can tell you it works. You have to be able to manage your own money though and not…[Read more]

I am amazed as to the responses that this post has received in relation to property development and seminars on the subject. There are some very harsh comments, all of which are more than likely unjustified. I don't know Mike Yardney, nor have I attended his seminars but if you think spending $3500 on comprehensive information on prop…[Read more]

Capital growth, rent returns and interest rates all go hand in hand. They are all relative to one another. i.e – property prices become unaffordable, investors stop buying due to poor returns, rental shortages occur, rents go higher, investors re-enter the market…… What will change the balance is if a large amount of land is released to the…[Read more]

The day you can stop working, or work part time in a job you enjoy, and utilise the equity in your IP's to fund a modest lifestyle and your costs of living is the day you become your own boss. You then decide what you will do when you get out of bed each day.Equity Harvesting™ will change the way you think about work and money for the rest of you…

Putting your cash into an 'Offset Account' is the only way to go – assuming you have a loan on your PPR. Doing this will save you about 7.5% on the funds being offset (based on average variable rates at the moment). If you invest your cash into an online saver account paying 6.3% you will end up with about 4.76% in your hand after loosing 30% in…[Read more]

The property market is forever changing, prices going high and becoming unaffordable, then rents rise to make the returns more viable again. The only option the majority of us have is to buy what we can afford, as soon as we can afford it. Don't waste time timing the markets – you'll get bogged down in numbers and miss the opportunities. If you…[Read more]