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Well Done Mono. You disappeared off the forum for a while due to reasons which appear to have swung around in your favour once more. With a story like yours its proves you're a fighter and can triump over anything. The forum is richer for your input. Once again well done and thanks for...

Im with you Simon.

Which one you prefer Simon :confused: Is this a trick question ;)

Pete, Im sure you did what was right for you at the time. As one evolves and becomes more knowledgable from their experiences they become more wise and savvy to doing things differently 2nd time around. Im sure this would describe you now - You've grown. Well done again on your achievements :)

Congratulations Pete, You have done very well. I would love to meet up with you for a coffee sometime to chat a bit more. Cheers Once again

Pete, What do you do for work and how have you structured yourself to allow LOE, putting aside the psychological aspect ?

Great Idea Steve. When ever a LOE thread is reincarnated here it always ends up in the same old dog chasing its tail senario! Just as bad is the which is better, houses or villas etc or to CF+ or -VE debates. Does it really matter so long as what ever strategy you employ gets you to your...

Pick me , Pick me :) Thats what im intending to do. Couple more IP's will have me achieving my holy grail :D

Ajax, What has delayed you in starting for the past 3 years? Life get in the way?

One can only speak for oneself Sc ;)

Of coarse seech ......there is no other type, although its better to have a surplus after tax than before with no chance of CG ;) :eek: :D

If all you people would only realise that "Cashflow Positive" Ip is King we wouldn't be having this long winded cyclical debate again ;) :D

Yep Simon, I know what you mean.

Yep , I couldnt agree more - Its all about structure. Drop into the IP chat room.

Yep , can do that with IP held in own name too (tax credits) - ahhhhh dont you love it :)

Hi ya OSS, RE: "But i am interested to know how the tax office may help with my LOE operating costs if i am making a 'loss' from the LOE plan. I must be missing something here." Good points you make. The tax free income (from LOC) is generated from the Capital Growth side of the Portfolio...

What if the interest on further borrowings is not an issue, as its being well covered for by OPM (ie tenants & tax man?)

Just to follow on further from above, you could set this up via a LOC with a credit limit of $160k (80% LVR) as Merovingian as pointed out. For example -Over the next year you have the option of drawing out up to $80k Tax free :) All you simply do is access the funds via ATM or over the...

What if you had a sufficent aset base that provided a very handsome lifestyle and equity erosion was not an issue ?

Bianca, Here's a link to my basic model for Living Off Equity - keeping in mind the example takes into account that all your portfolio cashflows will be ."serviced via Rental income, the Tax man, an LOC and/or Cashond structure...