Hello Canadian Mustachians (coz the US/other folks don't need to do this )!
Have any of you tried the Smith Manoeuvre -
https://smithmanoeuvre.com/? To essentially convert the non deductible mortgage interest into deductible investment loan interest. With the interest rate super high right now, at least on my HELOC, at the surface, I'm not sure if the math will turn out in its favor. Would be incredibly beneficial to learn from folks who have leveraged this vehicle.
(I don't know if having HELOC would qualify for Smith Manoeuvre's readvanceable mortgage).
Thank you in advance!
