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Thanks Terry - when you say expenses do you mean management fees, rates and water etc ? I have read a few books of Michael Yardley and he recommends covering holding costs with equity - I just can't work out if this is tax deductible All non interest related costs. I would advise tax...

You cannot purchase with equity, only with money. Money may be borrowed against the equity in a investment property or a main residence. It is the use of the money that determines deductibility not security. This much you know. But you appear to be asking can you borrow to fund the...