Hi Terry, I came across this webpage which appears explaing mixing loans using your example, and almost like for like wording: Why Mixing Loans...
Thanks Terry. So to clarify, the property would have to be used in an "income-producing" capacity (i.e. IP) for the interest to be deductible?...
Certus aren't terrible but be prepared to really keep on top of them. PM me if you want to know more.
I have used both Gustafson Franke and Certus Legal (twice). I understand Certus gets the thumbs up here, and it might have just been the...
Does dad's property have to be leased out (after the loan is paid out) for the interest to be deductible?
What is the "one-two offer" strategy?
They look like settlement cracks. Obtain a report from a structural engineer. They will probably tell you to either: 1) monitor the situation...
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