I'm not denying you can make it work and that yes you can offset...

  1. 14,888 Posts.
    lightbulb Created with Sketch. 2522
    I'm not denying you can make it work and that yes you can offset the cost, but most negatively gear anyway to gain tax benefits. Also too that's not how you calculate bank interest... its a notional 5% on the remainder of outstanding debt compounded monthly, plus fees.... which is why its not 25K over ten years it's closer to 125K interest + fees.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.