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  1. kaf

    When to purchase your 2nd IP? How do you determine/decide this?

    Hi mixedup I'm not an accountant but the rule as I understand is that it's always the purpose of the loan that determines if the interest is tax deductible. So it doesn't matter what the security for that loan is, if the loan is to finance an income-producing asset then the interest will be...
  2. kaf

    When to purchase your 2nd IP? How do you determine/decide this?

    Hi mixedup What we do is have a final figure of asset base we want to reach by a certain time. You then decide your risk profile ie. what's a comfortable LVR for you, how much debt can you service, what's your buffer etc. and review that regularly. Well and then you just buy whenever you can...
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