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Confirms my view. RMs are Relationship Managers at the banks on a commission trying to sell as many lending products as possible. This issue was brought up amongst a few colleagues at work who believed the RM implicitly. First timers.... I'll be staying well clear.

I heard this in passing and wanted to throw it out there. - Buy IP, take out $100k loan. - Claim all interest on $100k loan - Set up offset account against it - Deposit $40k into offset account - Actual interest charged is on $60k loaned - Continue to claim $100k loan For this to...