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Updated over 6 years ago on . Most recent reply

Pat Brown's profile image
Pat Brown's profile image
Pat Brown
  • Real Estate Investor
  • from Round Rock, Texas
  • Member since Jan 23, 2016
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Pat Brown's profile image
Pat Brown's profile image
Pat Brown
  • Real Estate Investor
  • from Round Rock, Texas
  • Member since Jan 23, 2016
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Pat Brown
  • Real Estate Investor
  • Round Rock, TX
8
Votes |
19
Posts
Private Lending & Conventional Mortgage Advice

Cashout on Primary Residence for 230k Loan on Investment Property

Pat Brown
  • Real Estate Investor
  • Round Rock, TX
Posted

My question is can you deduct the full interest rate charged on a cashout loan on my paid off residence

but money used to purchase a rental property. I'm in Round Rock Texas. Is there a limit to how much 

interest you can claim? Loan Amt will be 230k on a 300k house. 20% down.

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Amanda G.'s profile image
Amanda G.'s profile image
Amanda G.
  • Rental Property Investor
  • from Augusta, GA
  • Member since Oct 6, 2017
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Amanda G.'s profile image
Amanda G.'s profile image
Amanda G.
  • Rental Property Investor
  • from Augusta, GA
  • Member since Oct 6, 2017
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
Votes |
825
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
Replied

@Ashish Acharya, want to help Pat out on this?

1 Vote
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