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The simple answer to that question is the simple truth that whatever you do to occupy your time when 'retired' generates way more cashflow than when you were working. It was a very scary proposition to leave the comfort of the paypacket and 'discover life' without it....now the activities...

Like a hand being pulled out of a bucket of water, it doesn't take long for things to fill the void....to the point you wouldn't even notice where the hand originally was. I've found retiring forever is just a concept anyway. Most Australians are so incredibly wealthy, they could easily...

In short Redwing, if you want the brutal truth, they simply cannot. Looking at the level of income vs the spending habits of the average wage earner, I'd say they are going to have extreme trouble just keeping their head above water with the necessities of life, especially if they are...

Originally Posted by alexlee : .....and it is a very large risk alexlee, especially if you are going to be relying on it for you and your family to live off. Not saying it can't be done, but the decision is not yours to make.....Credit will decide your fate, along with the valuer's...

Well that's normally during the initial application. You give them most of what you have income-wise, otherwise you know it'll be an automatic rejection. What happens then is they mortgage broker or the Banker come back saying that Credit is asking for more information, particularly...

Sorta makes perfect sense that an investor who is partially LOE would agree with another investor who is partially LOE. Of course, one could be crude and draw an analogy whereby a simple illiterate pig farmer in the highlands of some mountainous terrain might conclude, even though he has...

JC, I imagine more than few punters are in that boat. One person who frequents this board who "made it" successfully with ressy is Chris. She's got a decent swag under her belt, and I believe most of it is unencumbered, so has a whale of a time doing what she wants when she wants...

Regardless of the Bank personnel employment status and their mindset - all borrowers must conform to Bank Policy. This is where LOE came unstuck after 2008. Ol' Steve Navra and his posts don't work now. I am happy to report LOR is still unaffected. Median for the very large suburb was...

I think cashflow for income, so I must have a poor paradigm. That's cool, cos since 2008 so have all of my Lenders. In my experience cashflow is king.....and all of the Lenders I've spoken to think so as well. We've found with residential that only lasts so long, until the renters simply...