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Thanks for the reply! Sorry could you please elaborate on the tax deductibility bit? Are you saying the LMI is deductible or the equity? On second thoughts, $20k is a decent chunk! I could avoid this if I go with option 2 -> wait for the cash payment use that as deposit towards the next...

Hey everyone, Newbie here so please allow me some leniency if I happen to sound a bit fresh! :D So I've just started to dabble in property investing not long ago; bought my first investment property about 6 months ago using 20% deposit which is made up of half equity from family home and half...