Hi all,
I'm thinking about what my end game is going to be. The time where you quit the daily job and spend your time how you wish. Hopefully 10 years from now.
In time, my properties are going to grow and there will be equity to use. I understand the LOE technique however, how does someone draw down equity on a portfolio if you don't have an income to pass the serviceability test?
Surely the bank isn't going allow you to access your equity without proving serviceability?
3M
I'm thinking about what my end game is going to be. The time where you quit the daily job and spend your time how you wish. Hopefully 10 years from now.
In time, my properties are going to grow and there will be equity to use. I understand the LOE technique however, how does someone draw down equity on a portfolio if you don't have an income to pass the serviceability test?
Surely the bank isn't going allow you to access your equity without proving serviceability?
3M