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  1. M

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

    The PPOR loan is in both names, so the 20% deposit is claimed by both husband and wife. The IP loan is in the husband's name, so the interest costs is only claimed by the husband. I'm not an accountant, but I think that's how it works. :) Get yer own professional advice. ;) Yes. Use a...
  2. M

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

    Hi mixedup, It's all to do with your comfort levels. We have to get out of our comfort zones in order to achieve great success. As I heard Ed Chan state on more than one occasion... don't buy real estate... buy time. Get the biggest buffer in the form of a line of credit against your home. It...
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