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	<title>PropertyInvesting.com | osaurus | Activity</title>
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				<title>osaurus replied to the topic LOC Deposit for New IP Deductable? in the forum Finance</title>
				<link>https://www.propertyinvesting.com/topic/4394478-loc-deposit-for-new-ip-deductable/#post-4594405</link>
				<pubDate>Fri, 17 Oct 2008 09:04:58 +0000</pubDate>

									<content:encoded><![CDATA[<p>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&hellip;<span class="activity-read-more" id="activity-read-more-274460"><a href="https://www.propertyinvesting.com/topic/4394478-loc-deposit-for-new-ip-deductable/#post-4594405" rel="nofollow">[Read more]</a></span></p>
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