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  1. R

    Can I use LOC to fund deposit on new IP?

    as ur deductible LOC goes UP by x, you should adjust the PPOR debt DOWN by x Yes,that same loc can be used for other investing purposes, though some would argue that a separate split would make for easier redord keeping ta rolf
  2. R

    Can I use LOC to fund deposit on new IP?

    Hiya Get the max LOC u can get, but at the same time reduce the PPRO limit as well..........and balance them every time u have a 20 or 30 k difference. The intent is buy more investment properties more quickly so u can pay more income tax , get it :) ta rolf
  3. R

    Can I use LOC to fund deposit on new IP?

    yes, doing that you should be able to convert that non ded real quickly why only IP 1 ?? Why not accelarate the process with 2 and 3 ? ta rolf
  4. R

    Can I use LOC to fund deposit on new IP?

    Hi Mary and Mat I can see that u have a chunky PPOR mortgage there. Are you using any form of debt recycling to rebalance the nonded debt with deductible debt ? ta rolf
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