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  1. Michael Yardney

    Where is the old LOC explanation ?

    Thanks Peter I wholeheartedly agree. The biggest issue I've seen with Line of Credits is lack of discipline. Inexperienced investors set aside money for buffers and then spend it on the "next shiny toy" They trade CFDs of forex or shares and think to themselves I'll repay my buffer out of...
  2. Michael Yardney

    Where is the old LOC explanation ?

    Peter I think you've given a fair assessment that the strategy of living off equity is much more difficult to implement today with the new lending criteria. And you are right, you need much, much more equity than the average property investor ever accumulates. But I have quite a number of...
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