Newbee post.
Has anyone used this Shared Equity product?
http://www.efm.info/
I understnad it could in a bull market be very expensive, but if the market is moving sideways it could certainly improve your cashflow.
I would be interested in understand how the mechanics work eg to they wear (or give credit for) any of the transaction costs like stamp duty? What happens if you do a reno how do they work out the value of works etc.
Second question if you have used them what has been your strategy?
eg If you beleive Richman Poorman your PPOR is a liability. That being the case wouldn't it make sense to pull out as much equity from your PPOR as possible, even after a LOC, to invest in cashflow assets?
Thoughts?
Andy P
Has anyone used this Shared Equity product?
http://www.efm.info/
I understnad it could in a bull market be very expensive, but if the market is moving sideways it could certainly improve your cashflow.
I would be interested in understand how the mechanics work eg to they wear (or give credit for) any of the transaction costs like stamp duty? What happens if you do a reno how do they work out the value of works etc.
Second question if you have used them what has been your strategy?
eg If you beleive Richman Poorman your PPOR is a liability. That being the case wouldn't it make sense to pull out as much equity from your PPOR as possible, even after a LOC, to invest in cashflow assets?
Thoughts?
Andy P