Cash out Refi on my current house vs. Conventional loan on invest

[Nick Stormoen]

I am closing on my first investment property in 2 weeks.  The last month I was under the impression that my loan would be a conventional loan on the duplex I am purchasing. The plan was to use my current house as collateral and have the lien be on the duplex.  Now two weeks out I come to realize that I am doing a cash out refinance on my current house and the lien will be on my house.  Now this isn't really and issue because I am not planning on defaulting on the loan.  My question is how will this impact my taxes and the write offs associated with rental income.

[Kyle J.]

Originally posted by @Nick Stormoen:

My question is how will this impact my taxes and the write offs associated with rental income.

You'll still write off your rental expenses against your rental. This would include the interest from the loan because the proceeds from the loan were used to buy the rental.