Hi,
If I had one property which is their currently only property. Now this property is turned into an investment property because it is interstate. THis property has about $150K worth of equity in it and its worth $315K.
If I wanted to buy another property as PPOR. How can I structure the loan so it is tax deductible?
Like initially I thought using LOC but that wont work as it wont be used for investment hence not tax deductible.....
Thanks.
If I had one property which is their currently only property. Now this property is turned into an investment property because it is interstate. THis property has about $150K worth of equity in it and its worth $315K.
If I wanted to buy another property as PPOR. How can I structure the loan so it is tax deductible?
Like initially I thought using LOC but that wont work as it wont be used for investment hence not tax deductible.....
Thanks.