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  • Profile photo of woodowoodo
    Member
    @woodo
    Join Date: 2007
    Post Count: 4

    Thanks TerryW I will look into it that way.

    Woodo[strum]

    Profile photo of woodowoodo
    Member
    @woodo
    Join Date: 2007
    Post Count: 4

    Thanking all for their advice on this topic.

    I see the overwhelming response is to pay off the PPoR , but as I understand it retain my original loan as like a line of credit , using these funds to purchase the IP’s. The only concern I would have is that would this mean I am using the equity in my PPoR as collateral for the IP’s? In his books, does Steve not say that it is better not to use equity in a current proerrty, rather to buy using a 20% deposit of cash the loan the 80%?

    Thanks for any responses.
    Woodo
    [strum]

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