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Hi Rolf, What do you mean 'balance them'? Also, can I use 30-50K of this as a deposit for a new property (with the same bank), tell them I want another 30-50K in LOC attached to new property for 'reno' purposes, but really for capitalising interest? Ta, Mary

I guess I've been a tad scared of LOC...had to ask accountant twice if capitalising interest was ok before I started doing it a few months ago. Had not even considered doing it for IP3, thanks for the advice!!! Should I take out as much in a LOC as the bank will give me & use it to pay...

Hi Rolf, Just the capitalising interest...rent from IP1 straight into PPOR loan, and IP2 rent into loan also...using LOC to pay IP1 expenses...trying to pay down the 'bad debt' asap...is that what you mean? Thanks, Mary

Hi Y-man, Sorry, should have stated IP2 was used as security to purchase IP1, the bank won't let me seperate titles until LVR IP1 is below 80%. Bank also hold these two titles against PPOR. So I guess all the properties are tied together at the moment.

Hi all, Just joined after reading forum for months. Would appreciate some advice as my mentor has recently deserted me & I need to know what my options are now. Currently, my partner & I have: PPOR bought May 09 420K, IO loan 409K (VIC Aspendale) SVR minus 0.7 discount...asking broker...