your right,[8D] I to have used this stratigy(spellcheck) my thinking is that at this point in the market locking down equity & increasing more funds to redraw on seams a safer option….just my thoughts.
Im looking forward to the challenge, but believe things should be done right. when your talking $100K+ for most properties then 1 mistake is very costly.
I have just brought my 1st investment property and “silly me” only now realising that negative gearing is NOT the way to do things.
Should have read “steves” book 1st!!
It seems the light bulb is really starting to go on re interst only loans – have recently reverted all loans to p&i – interestingly the bank was trying to talk me out of it!?[][][!]
I am an addicted and devoted new forum member, totally unable to log off b4 2am!!! – the knowledge base is huge. UNTOLD thanks to Stuart – for sharing the knowledge & advising this forum exsisted – WOW!!!!.
And if I had to start over, I would have had the BIGGEST headstart knowing that there were like minds & I wasn’t being a crazy dreamer/determined indivial.