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Is no one other than Rixter employing this technique of using the LOC to pay IP mortgage interest? I am interested to see if this technique is more wide spread?

http://somersoft.com/forums/showthread.php?p=690477#post690477 Good link here on the topic. I am currently paying IP interest from my cash savings, so to use the LOC and have this added to my deductible expenses would clearly be a significant change.

http://www.finder.com.au/property-investment-chris-grays-investment-property-advice From the attached, Chris Gray uses rising equity re-finances (presumably contained in a LOC) to pay interest. The key quotes are: "The key to getting around that is by using equity to cover the losses. So...