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Updated almost 5 years ago,
cash out refinance investment property? any tax implication?
I have a rental (market value close to 400K) with 100k mortgage left. I don't want to sell it right now, but want to get some cash out of it. Can I do cash out refinance on this? Is there any tax problem now or when I sell it in the future? If I do 1031 exchange in the future, will the tax be deferred too? Thanks.