Hi guys.
Thanks for your awesome replies (and sorry for my delay to say thanks… been away in the sun!)

duckster wrote:
If you have a debt component that is private and then mix it with investment debt in an LOC it gets really messy to work out which part of interest charged is private use and which part is investment use.
I recommend you talk…[Read more]

Hi Sharon

Could it be that the $40,000 profit Steve is talking about is over and above the $86,000 cash invested. A profit in my mind would be the surplus cash, after having taken out initial costs such as the $86,000 put in.

Regards,
Andre