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  • Profile photo of cheesemongercheesemonger
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    @cheesemonger
    Join Date: 2011
    Post Count: 2
    July 26, 2011 - 11:57 pm

    Thanks so much for your advice guys.

    Jamie, do you mean make both properties Interest Only?

    Terryw – I can just about get my head around your method, but am a little confused by Loan 2. Where does it come from?! What is it borrowed against? Do the costs of opening and having the LOC not counter the potential tax savings?

    For the sake of ease and understanding, it looks like Jamies option might be more appropriate for us!

    Cheers,

    Cheesemonger

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