There's an interesting section in the latest Australian Property magazine on property investment tax bloopers, page 78. One of the points is on "paying cash deposits" whereby the writer recommends borrowing for deposits because interest on debt for investment properties is tax deductible.
I was just considering how would you structure this, it is unlikely you could borrow 100% from a new borrower (bank) without providing other collateral, which may involve cross collateralization. So how would you likely structure borrowing the deposit?
I was just considering how would you structure this, it is unlikely you could borrow 100% from a new borrower (bank) without providing other collateral, which may involve cross collateralization. So how would you likely structure borrowing the deposit?