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  • Profile photo of MavsterMavster
    Member
    @mavster
    Join Date: 2004
    Post Count: 3
    January 31, 2004 - 12:25 am

    Julia,

    If another property is purchased and all loans refinanced under one LOC facility, would the whole loan then be deductable ? I recall seeing another thread on this elsewhere and it seemed viable.

    I’m currently looking at another 1-2 properties and it may be more cost effective to do this anyway.

    Steve

    Profile photo of MavsterMavster
    Member
    @mavster
    Join Date: 2004
    Post Count: 3
    January 31, 2004 - 12:01 am

    Thanks Julia,

    So where does that leave me and what are my options ?

    The purpose of the LOC facilities is clear and well established I feel but your info presented has confused me somewhat…

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