best place to buy an investment property $300k, page-22

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    Sure , you can use the equity in your ppor. It gets it working for you . The only trouble is the interest for your ppor is not tax deductible while the interest for the rental is .

    Interesting that you say the mortgage is too big to pay off ? So you are working on the capital gain in the rental to increase enough to settle your debt ?

    Have you calculated what your average capital gain and time period is ( less cgt ) to achieve this and compared it to paying down your mortgage ?

    Nothing wrong with using leverage in this way but I'm just wondering how the numbers stack up ?
 
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