Reply: 1.1.2.1.1.1.1.1.1
From: Terry W
Nigel
If you hold enough property and it is growing faster than you use the equit=y, then you should be right. You also have to factor in the extra interest =which won't be a tax deduction.
Terry
>>>
[email protected] 12/12/01 10:24am >>>
From: "Nigel W" <
[email protected]>
Terry
I would have a personal aversion to using an LOC for everyday living unless= it has an interest free period like a credit card.
Isn't that just converting good debt ie debt to acquire income producing pr=operty into bad debt?
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