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  1. michaelg

    Wraps- IO and P and I loans

    Reply: 1.1.1.1.1.2.1 From: Michael G Jeremy, Hmmm, now you've got me thinking again. Valid points too. I'll discuss this with my accountant and solicitor at some stage. Hmmm, maybe a cash reserve of x% per property held in an account. I'm still very conservative by nature. The question is...
  2. michaelg

    Wraps- IO and P and I loans

    Reply: 1.1.1.1.1 From: Michael G Jeremy, As a newly formed entity, the wrap trust has very little in the way of a cash buffer. While what you say is true. I'm just playing this on the safe side. The scenario maybe different 2-5yrs down the track when I've developed some expertise in...
  3. michaelg

    Wraps- IO and P and I loans

    Reply: 1.1.1 From: Michael G Its NOT advice, just my views and ideas. Michael G. :P
  4. michaelg

    Wraps- IO and P and I loans

    Reply: 1 From: Michael G Hi, A big question on clients advisors minds is "what happens if you go bankrupt?". Using a PI loan ensures you are budgeting safely with a margin and that your liabilities are being covered. Using a IO while boosting return, presents a higher risk. What if you get...
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