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  1. Propertunity

    Confused - Upgrading to bigger house and keeping this as IP!

    Michelle, if today you moved out of your home and turned it into an IP, then the interest on the $145K loan you still have is the only bit that is tax deductible. As already stated you need to stop paying down loan principal immediately and pay IO. If you redraw any $'s and spend it on this...
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