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  • Profile photo of magtronmagtron
    Member
    @magtron
    Join Date: 2008
    Post Count: 7

    Unfortunately it is only zoned for residential.

    Profile photo of magtronmagtron
    Member
    @magtron
    Join Date: 2008
    Post Count: 7

    Thanks for the response guys.
    To clarify, the LOC will be used to capitilise interest.  From reading through the forums, the general trend is that investors set up different sub accounts for different IPs.  However, these sub accounts incurs extra cost to maintain.  For example, can ppl have one big LOC to capitilise say 3 IPs and not separate them? Will this cause many problems at tax time?  But remember that it will only be use for investment and no personal borrowing.

    Profile photo of magtronmagtron
    Member
    @magtron
    Join Date: 2008
    Post Count: 7

    Thanks all for the great advise.  The loan amount will be 100% used for IP and no personal use.

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