Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Is cash out interest deductible
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