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  • Profile photo of jbutchartjbutchart
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    @jbutchart
    Join Date: 2011
    Post Count: 2
    November 22, 2011 - 9:38 pm

    Thanks Jamie M

    I guess the "end purpose" will be to go towards the PPOR, however the funds from the increase loan will first of all go into another IP which we will eventually sell, with the proceeds going into the PPOR.  I am wondering if there is a minimum time that the funds would need to be in the second IP before it was sold to pass the purpose test?

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