Quote:
Originally Posted by I-Hate-Hulse
I guess its situational. If someone has a mortgage for your personal home I think you'd be better off increasing your mortgage borrowings on your rental to get you close to breakeven after deducting interest, and decreasing the mortgage on your personal home. Call it a variant of a Smith maneuver.
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This is very easy to do if you have an NBC All-In-One account, Manulife One or similar that holds your personal account and your rental accounts as subaccounts. The calculations are clear and it holds up strongly under an audit.