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  1. Marty McDonald

    Tax deductable LMI if loan is 2nd mort on PPOR?

    It would be fine to do that way IMO as long as the nexus between the borrowed funds and the ip purchase aren't lost. Laymans terms that means the IP would have to be purchased shortly after the 90% top up loan settles...what is a reasonable time after? how long is a piece of string? I would say...
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