hey folks
i've just finished reading 1 of michael yardney's books and he is a keen proponent of the strategy of refinancing to live off the equity based on low LVRs of around 50% this is off course after one's acquisition phase to build a decent size asset base.
wondering what you folks personally think about this strategy?
have anyone of you been doing this? and what have your pitfalls been?
cheers
Jerry
i've just finished reading 1 of michael yardney's books and he is a keen proponent of the strategy of refinancing to live off the equity based on low LVRs of around 50% this is off course after one's acquisition phase to build a decent size asset base.
wondering what you folks personally think about this strategy?
have anyone of you been doing this? and what have your pitfalls been?
cheers
Jerry