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  1. Marty McDonald

    Splitting loan for purchase & reno

    You can put the $10K together with the $40K for total $50K I reckon that's fine, but then I would split the accounts into 2 lots of $50K if it isn't too hard. Then I would pay down the new account to $1 owing with $49,999 available redraw for the next purchase.
  2. Marty McDonald

    Splitting loan for purchase & reno

    Seek advice from an accountant but my 2cents worth is that as long as you don't mix the use of the $100K up ie you only ever use these funds for investment purposes and you don't intend to pay down the principle of the loan it is fine to leave as 1 loan. However there is more to consider...
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