Recent content by Mikeyba

ok then.. so here is the plan... LOC 1 - 20,000 P&I(Secured aganst equity in PPOR) 'Bad Debt' Use to payout existing Personal Loan and Credit Card. Also to be used as SLUSH fund. - 'New' C/c for living expense (cleared monthly) - Salaries (deposited) - Rental Income / Tax credits etc...

Thks Simon.. I think I might have confused myself.. This is our current situation. 1. PPOR Value is 580K (Current P&I Loan bal of 315K)- leaves the $250k equity, Car Loan, C/C of 15K All the LOC's as outlined would be interest only, including the 'personal', I agree with setting up...

Hi Guys.. I am a first timer and would appreciate some comments on an investment strategy. I guess firstly have concerns and issues getting over the 'fear' factor of getting into debt. (even though it is godd debt!!) The strategy that has been put to me is below. 1. My PPOR (has about...