Investorsdirect services anyone

[DavidMc]

Hi Tom - I've been to see a presentation of Bill's but cannot quite remember the detail as I was in and out a bit. From what I CAN remember their strategies revolve around the idea of constant revaluing , drawing out lines of credit on your properties and using the excess within the LOC to fund outgoings (including capitalising interest) , thus reducing cash outflow.

Is that what you meant by "hibernation" strategy??


Cheers,

Ed.

Interesting... I've just set up a LOC and have started to do this. Does he suggest to pay the rents back into this LOC or into another account for future deposit gathering?

My LOC isn't that big and would cover my 3 IP's expense bills for maybe 1.5 years if the rents + tax returns weren't going into it. If the properties increased at a rate where I could increase the LOC at the same rate as my growing expense bill that would be great for cashflow. Is this the ultimate spot to be in according to Bill?