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Updated almost 3 years ago,

User Stats

20
Posts
9
Votes
Edgar Z Whelan
  • Real Estate Broker
  • Hollywood, FL
9
Votes |
20
Posts

Is cash out interest deductible

Edgar Z Whelan
  • Real Estate Broker
  • Hollywood, FL
Posted

I have various investment properties that I bought cash back in 2008-2009. These properties have increase a lot in value. I am thinking of getting loans and pulling out equity. Will the mortgage interest be deductible ?? I am not going to use the money to improve the properties.  Likely will just put the proceeds in a saving account and wait for a good property investment. Not getting a Heloc loan. Since I don't show much income on tax returns likely will use a lender such as Lending One or Visio lending. 

So I have two questions;

Is the mortgage loan interest deductible ?

And does anyone one has any experience with Lending One or Visio Lending ? Any other lender recommendations

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