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  • Profile photo of wlchoo88wlchoo88
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    @wlchoo88
    Join Date: 2010
    Post Count: 2

    I would refinance the IP and combined with the purchase of PPOR. Split the loans to ensure you get maximum interest deductions from IP using interest only. Loan on PPOR considered "bad debts" because you can't claim tax deductions.

    Profile photo of wlchoo88wlchoo88
    Member
    @wlchoo88
    Join Date: 2010
    Post Count: 2

    Bought an apartment with them that didn't take off after 2 years. Good thing got money back. Just be wary. 

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