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Are you meaning : LOG - Living of Growth that being, relying on growth that has not materialised as yet. LOE - Living of Equity being growth that has already materialised and secured as available funds.

I think you've hit the nail on the head. Can you provide an example of each to differentiate your definition of the two for people?

Rob you may like to read this thread here for answers & further info.

Once structured correctly, it basically runs on auto-pilot without any real input from yourself. IMHO the whole purpose to building a portfolio is to get time back and create income to fund ones desired lifestyle. The last thing I want is to become a slave to my portfolio - defeats my...

Perhaps an Affirmation: "Better to be a player than a Monday's expert" ;)

Our portfolio loans are a mix of fixed rate and variable rate full doc investment property loans, variable rate no doc investment property loans, and also 4 x lines of credit loans. We live on our credit card and pay it off in full each month from our line of credit. Hope this helps.

No probs. Sorry for the misunderstanding on your point. I have also used the same bank to structure a CB without issue.

We'll have to agree to disagree then because I've got the runs on the board from practically applying it.

Do you have any DSR left to increase your LOC or set up another LOC secured against your country IP which has equity in it? Send me a PM (so as to not high jack this thread) so you are not posting your specifics on the forum.

Hi Kando, First off welcome to the Somersoft forum, this being your first post. I would suggest you sit down and strongly think about what exactly it is that you are wanting to do - retire or move on. To retire work out does your investments provide the passive income you need to support...

Its called cross collateralisation - Ok in small doses but restricts future options in my experience.

That goes without saying, however bank B doesn't know where bank A's funds are apportioned. But spoken like a true bank employee at one time or another by the sounds of it! Exactly.. 'borrowed capital'. Debt & Capital - two sides of the same coin! Its seen as up front capital to be used as...

The bank employees get paid to fit round pegs into round holes. As long as the peg fits it gets a tick as being acceptable income. Let me explain it to you another way........ When you purchase a property a lender requires you to bring a portion of your own capital commonly known as a deposit...

Its not that LOE is useless its just that You've put yourself into a catch 22. Its a common situation for the unwary investor.

Try aCashbond Structure for providing banks proof of dsr. Hope this helps.