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Reply: 2.1 From: Anony Mouse Thanks for the advice guys. Basically he bought the second property as the first one (a one bedroom unit)was getting too small. He was solemnly told by a mortgage manager, from BOM that the LOC was tax deductible, it was in effect just a refinance, what he did...

From: Anony Mouse My son has two investment properties in Melbourne. He then moved to Canberra, and bought a property to live in. He then bought another property and rented out the first property, which was then 100% paid for. He used a line of credit on that property,to buy the next property...