I have been retired for 4 years I had one year of positive returns and the last 3 negative!! I will end up on social security if this continues. My financial planner says stick with it, but thats OK for him he still gets his cut.I have about 60% in super equities and the balance cash fiexed term and property.
I have bought Steve’s book and am well into it but so far after reading it and the forums there does not seem to much hope for me to change tack and get into +tive return property as I do not work and therefore could not get an investment loan despite owning my house outright and have a reasonable chunk in super.
Any suggestions?
Johnnokeep reading the topics you’ll find a few others in the same boat that may be able to help you try the search equity may help
aaron
keep reading the topics you’ll find a few others in the same boat that may be able to help you try the search equity may help
aaron
thanks Aaron I’ll keep my eye on forum.I won’t give up yet
JohnnoI don’t see why you can’t get an investment loan if you intend on investing.
There are a few loans that you could fit into.
They would mainly be assest lend loans. You can borrow up to 65%LVR – 85%LVR depending on your preffered interest rate.If you are looking to wrap this will decrease the available lenders.
Only to happy to assistHi Johno & welcome [
]I agree with Picja – if you want to get into property investing and have equity in your own home or super you can access to do it, there are heaps of options for you in the asset lend area (normally 70% LVR and lower) despite the fact you have no income.
Where are you based – I’d recommend you see a broker and get the lowdown on all your options. I know a lender who recently did a 30-year loan for a lady in her early 80’s simply because of the amount of security in the property and the high income – the sky really is the limit!!
Good luck [
]Thanks Picja & Mel, being a conservative person its a bit of a change of mindset to go down this path!
Souns like I need to contact a broker.
Mel I’m on NSW South Coast near Nowra
Thanks for your advice
JohnnoThanks Picja & Mel, being a conservative person its a bit of a change of mindset to go down this path!
Sounds like I need to contact a broker.
Mel I’m on NSW South Coast near Nowra
Thanks for your advice
Johnno
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