Total Members: 159,194

magtron

  • magtron replied to the topic Subdivision options in the forum Value Adding 16 years, 7 months ago

    Unfortunately it is only zoned for residential.

  • magtron replied to the topic LOC sub accounts in the forum Legal & Accounting 16 years, 7 months ago

    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 th…[Read more]

  • magtron replied to the topic Loan Deductibility for full drawdown in the forum Legal & Accounting 16 years, 9 months ago

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

magtron

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