How to get equity from IP mortgage?

Discussion in 'Loans & Mortgage Brokers' started by Ms Reno, 20th Apr, 2016.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Follow the use of the funds. Borrowing to invest in income producing property - once the property doesn't produce an income there is no possibility to claim the interest.
     
    Terry_w, 20th Apr, 2016
    #21
  2. Timwest

    Timwest Well-Known Member

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    Interesting... This is certainly something rentvestors should be aware of then.
     
    Timwest, 20th Apr, 2016
    #22
  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Yes.
     
    Jess Peletier, 20th Apr, 2016
    #23
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