Hi mortgage experts, my girl friend has a main residence property already, which is worthy about $750k and $600k of equity. we are looking for investment properties and we know that she can use the equity of her main residence property as deposit to purchase investment properties. in addition, we prefer interest only loan and may to use equity portion to purchase more than one lPs in the future.
our question is what loan structure could show ATO clearly that the portion of interest from main residence property used to purchase the IP/IPs.
Any suggestions will be appreciated.
many thanks
our question is what loan structure could show ATO clearly that the portion of interest from main residence property used to purchase the IP/IPs.
Any suggestions will be appreciated.
many thanks