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Structure of IP2 Loan
Simple is good. Makes perfect sense. Thanks Andrew!- big unit
- Post #7
- Forum: Accounting and Tax
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Structure of IP2 Loan
Thanks. The loan is an investment loan not PPOR but still same principles I guess. Okay so the loan for IP2 will be the one loan inclusive of LMI and stamp duty. What I don't understand is if LMI is deductible over 5 years what happens after those 5 years. Is interest still deductible on...- big unit
- Post #5
- Forum: Accounting and Tax
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Structure of IP2 Loan
Hello, I'm looking at purchasing my second IP in the near future. I have a loan of 320k for IP1. IP1 currently valued approx 450k. I was looking at using the equity available as deposit for IP2. From what I can gather, my available equity will be 40k ? Am looking at IP2 approx value 280k...- big unit
- Thread
- equity lmi stamp duty
- Replies: 7
- Forum: Accounting and Tax