All Topics / Help Needed! / Michael Yardney’s living of equity ideas, whats wrong?

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  • Profile photo of aqueaque
    Participant
    @aque
    Join Date: 2010
    Post Count: 21
    August 24, 2010 - 1:40 am

    Folks,

    I have read about 20 property investment books and I really like living of equity ideas from Michael. However, I just found someone said not to take these ideas on this forum. Whats wrong with the ideas? What am I missing?

    Thanks for any personal opinions.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 24, 2010 - 1:53 am

    Nothing wrong with these ideas. They have been discussed here in the past.

    One problem, especially after the GFC is that lenders have tightened up lending requirements. So if you are not working it will be very hard to qualify for finance.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of aqueaque
    Participant
    @aque
    Join Date: 2010
    Post Count: 21
    August 24, 2010 - 1:58 am

    Thanks Terryw

    Will remind myself searching the forum first before asking next time!  Cheers!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 24, 2010 - 2:04 am

    its very hard to find things here. Try searching on "living off equity"

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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