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  1. C

    Is line of credit tax deductible?

    Cool that makes sense... Thanks guys I'm on the right path then :)
  2. C

    Is line of credit tax deductible?

    Thanks Terry.. So how do other people do it? I've seen this method used by other investor where they use line of credit to purchase more properties. If it's not tax effective why would you go down that path? How do you structure it so it is tax deductible?
  3. C

    Is line of credit tax deductible?

    The reason why I ask is because I read the below link and it states it has to be setup properly in order to be tax deductible... How do I know if it's setup properly? http://propertyupdate.com.au/invest-high-growth-properties-without-hurting-cash-flow/
  4. C

    Is line of credit tax deductible?

    I just wanted to know if I refinance my PPOR and have a split loan, one for the existing mortgage and the 2nd borrowed from the equity, is the 2nd account tax deductible? The line of credit account will be used for investment only such as 20% deposit and and unforeseen repair bills.
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