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Thank u very much. Plz explain 2nd LOC in detail. What expense r u ref to ? If the expense are tax deductible then how would I claim the interest. In total I will have three acc per IP. 2 LOC against PPOR and 1 80% IP loan

Just competed PPOR built. I have interest only loan with that. Approx 700 k equity. I am looking at getting first IP using LOC possibly 100% loan on IP plus associated purchase cost. Our family income approx 200k per annum. I m looking long term return. Possibly hold 10-15 yrs. Any advise re...