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osaurus

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    osaurus replied to the topic LOC Deposit for New IP Deductable? in the forum Finance 17 years, 10 months ago

    Thanks guys,All borrowings would be for investiment purchases only. My IP1 would have an IO loan, I intend to then take out an LOC on that same property for a deposit on the next property IP2. This seems to be covered in the answers provided.For the LOC on IP1, do I have to account for the seperate interest payments that are occured as a result of…[Read more]

osaurus

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